Other Things Being Equal, Unit Wage Costs Will Tend to Fall

question 47

Multiple Choice

Other things being equal, unit wage costs will tend to fall if

• A)the government increases payroll taxes.
• B)wage increases are less than productivity increases.
• C)wage and price controls are in effect.
• D)wages fall.
• E)there is a fall in the price of oil.

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Definitions:

Death Penalty

A legal punishment where a person is put to death by the state as a consequence for a crime.

Pro-Death Penalty

Support for capital punishment, which involves executing individuals as a penalty for severe crimes.

Dissonance Theory

A theory suggesting that inconsistency among beliefs or behaviors causes an uncomfortable psychological tension that people are motivated to reduce.

Changing Cognitions

The process of modifying thoughts, beliefs, and attitudes, often aimed at improving mental health or personal effectiveness.