Which of the Following Statements Concerning the Supply of Labor

question 132

Multiple Choice

Which of the following statements concerning the supply of labor is true?

• A) The supply of labor is determined by the prevailing wage rate.
• B) The labor supply curve is downward sloping.
• C) The wage rate has no effect on the supply of labor.
• D) None of these.

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Definitions:

Active/Passive

Describes an individual's general approach towards life; active individuals tend to initiate actions and influence their environment, while passive individuals tend to be more reactive and less inclined to seek change.

EVLN Model

A framework describing four different responses individuals can have to dissatisfaction in organizational settings, which include Exit, Voice, Loyalty, and Neglect.

Active

Engaged in action; being in a state of movement, function, or operation.

Destructive

Causing great and irreparable harm or damage.