Which Statement Is True About Labor Markets

question 77

Multiple Choice

Which statement is true about labor markets?

• A) Organizations compete to sell labor in the labor market.
• B) Competition for labor establishes the minimum an organization must pay to hire an employee for a particular job.
• C) Changes in the CPI do not affect the labor market.
• D) Cost-of-living considerations have little impact on labor-market rates.
• E) An organization's competitors in labor markets only include companies with different products.

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Definitions:

Adlerian

A psychological approach based on the theories of Alfred Adler, focusing on the importance of the feeling of inferiority and the striving for significance.

Ego

In psychoanalytic theory, the part of the personality that mediates between the demands of the id, the superego, and reality.

Object Relations Theory

The psychoanalytic study of interpersonal relations, including the unconscious images and feelings associated with the important people (“objects”) in a person’s life.

Dream Objects

Elements or items that appear in dreams, representing subconscious thoughts, desires, or fears.