Which of the Following Statements Does Not Accurately Describe the Market

question 476

Multiple Choice

Which of the following statements does not accurately describe the market for labor?

• A)The characteristics of workers, such as their education and experience, the characteristics of jobs, such as their pleasantness or unpleasantness, and the presence or absence of discrimination by employers all determine equilibrium wages.
• B)Labor unions, minimum wage laws, and efficiency wages all may increase wages above their equilibrium level.
• C)Firms are willing to pay more for better-educated workers as long as there is an excess supply of this type of worker.
• D)Discrimination by employers against a group of workers may artificially lower wages for that group.

---

Definitions:

Reaction Formation

A defense mechanism in which an individual unconsciously replaces unacceptable thoughts or feelings with their opposites.

Defence Mechanism

A psychological strategy unconsciously used to protect oneself from anxiety arising from unacceptable thoughts or feelings.

Loving

An intense feeling of deep affection towards someone or something, characterized by warmth, care, and a desire for the well-being of the object of love.

Critical

Expressing adverse or disapproving comments or judgments.