Which of the Following Is True About the Equilibrium Market

question 24

Multiple Choice

Which of the following is true about the equilibrium market wage?

• A) All workers are satisfied with the wage.
• B) All employers are satisfied with the wage.
• C) There is no unemployment in the market at the equilibrium wage.
• D) Competitive employers have market power with respect to the equilibrium wage.

---

Definitions:

Organic Solidarity

Describes later societies organized around interdependence and the increasing division of labour.

Durkheim

a founding figure in sociology, Emile Durkheim's work focused on social solidarity, the division of labor, and the role of religion in society, among other themes.

Ideology

A system of ideas and ideals, especially one that forms the basis of economic or political theory and policy.

Dominant Ideology

The prevailing cultural beliefs, values, and norms that tend to support and maintain the current power structure and societal hierarchy.