The Determinants of the Market Supply of Labor Include All

question 133

Multiple Choice

The determinants of the market supply of labor include all of the following except

• A)Taxes.
• B)The market wage rate.
• C)Income and wealth.
• D)Prices of consumer goods.

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Definitions:

Gottfredson's Theory

A theory developed by Linda Gottfredson that outlines how individuals develop their career aspirations and make career choices, heavily influenced by their perception of social acceptability and their cognitive ability.

Stages

Series of steps that individuals typically go through in constructing a career, though not everyone progresses through these stages in the same manner or at fixed ages.

Economic Reward

The financial or material benefit received as a result of one's work, investments, or participation in an economic activity.

Career Compromise

The process of adjusting one's career choices or aspirations due to practical constraints or changing circumstances.