Which of the Following Is NOT a Factor in Defining

question 39

Multiple Choice

Which of the following is NOT a factor in defining equal work according to the Equal Pay Act?

• A)Equal skill
• B)Equal effort
• C)Equal experience
• D)Equal responsibility

---

Definitions:

U.S. Economy

The economic system of the United States characterized by a mixed economy that supports both private and public enterprises.

Pure Monopsony

A market condition where there is only one buyer for many sellers, giving the buyer significant power over prices and terms of sale.

Labor Market

The supply and demand for labor, in which employees provide the supply and employers provide the demand.

Employment Opportunities

Job openings available in the economy for individuals seeking employment, reflecting the demand for labor and the health of the economic environment.