In Which Country Would an Employee Most Likely Question the Decision

question 94

Multiple Choice

In which country would an employee most likely question the decision of a manager?

• A) Spain
• B) Japan
• C) Germany
• D) Singapore

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Definitions:

Minimum Wage

Minimum wage is the lowest legal remuneration that employers are allowed to pay their workers, established by government laws.

Quantity Demanded

The total amount of a good or service that consumers are willing to buy at a given price level in a given period.

Labor

The human effort, both physical and mental, used to produce goods and services.

Equilibrium Wage

The wage rate at which the quantity of labor employers are willing to hire equals the quantity workers are willing to supply, with no excess demand or supply.