Which of the Following Is an External Factor That Can

question 89

Multiple Choice

Which of the following is an external factor that can influence the rates at which employees are paid?

• A) collective bargaining
• B) the employer's ability to pay
• C) the employees' relative worth
• D) the worth of the job

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Definitions:

Income Mobility

Relates to the ability of individuals or families to move up or down the economic ladder over time.

Economic Ladder

A metaphorical representation of the differing levels of economic prosperity among individuals in a society, indicating potential for upward mobility.

Transportation Cost

The expenses involved in moving goods or individuals from one location to another.

Income Mobility Studies

Research focused on analyzing the movement of individuals or groups within the income distribution over time, assessing the ability to change economic status.