In the Absence of Minimum Wages, Efficiency Wages, or Labor

question 182

Multiple Choice

In the absence of minimum wages, efficiency wages, or labor unions, a decline in the demand for labor will likely result in _____ if wages are flexible.

• A) higher levels of employment
• B) no changes in employment
• C) a lower level of employment but likely no change in the unemployment rate
• D) a lower level of employment and a higher unemployment rate

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Definitions:

Combined Technology

The integration and utilization of multiple technological systems or devices to enhance efficiency or achieve new capabilities.

Intersectionality

A framework for understanding how various aspects of a person's social and political identities combine to create different modes of discrimination and privilege.

Systemic Inequalities

Deep-rooted disparities embedded within the social, economic, and political frameworks of society, affecting access to resources and opportunities based on race, gender, class, and other factors.

Intersection Of Ability

The concept that people's experiences with disability are shaped by other aspects of their identity such as race, gender, or class, highlighting the complexity of discrimination and privilege.