You Are Hiring Assembly Workers for Your New Factory

question 10

Multiple Choice

You are hiring assembly workers for your new factory.To discover whether they can use small tools to do detailed work you give them a __________ test.

• A)cognitive ability
• B)in-basket
• C)personality
• D)psychomotor ability

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Definitions:

Equilibrium Market Wage

The wage rate at which the quantity of labor supplied equals the quantity of labor demanded in a given market.

Bricklayers

Skilled tradespeople who lay bricks to construct brickwork for buildings and other structures.

Marginal Product

The additional output resulting from the use of one more unit of a productive resource.

Market Wage Rate

The prevailing rate of pay offered for a certain job in the labor market, which can vary based on location, industry, and job requirements.