When Workers Are Paid Higher Wages, Production Costs

question 15

Multiple Choice

When workers are paid higher wages, production costs:

• A) rise, supply shifts leftward, and product prices fall.
• B) fall, supply shifts rightward, and product prices fall.
• C) rise, supply shifts leftward, and product prices rise.
• D) rise, supply shifts rightward, and product prices rise.

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Definitions:

Network

refers to a group or system of interconnected people or things.

Citizen involvement

The participation of individuals in decision-making processes, policies, and activities within their community or society, contributing to public life.

Desensitizing

The process of reducing or eliminating an emotional response, typically fear or anxiety, to a stimulus through repeated exposure to that stimulus.

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and to disclose the results in a transparent manner.