Which of the Following Statements Is True

question 150

Multiple Choice

Which of the following statements is true?

• A)A person who chooses to work at a job that pays $40,000 a year instead of a job that pays $80,000 a year is considered (by economists) to be irrational.
• B)The wage rate paid in one labor market can affect the supply of labor in another labor market.
• C)The wage rate paid in one labor market can affect (albeit indirectly) the wage rate paid in another labor market.
• D)The demand for every type of labor is always the same.
• E)b and c

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Definitions:

Clan Culture

A corporate culture model that emphasizes collaboration, trust, and a family-like atmosphere within an organization.

Social Influence

The effect that the words, actions, or mere presence of other people have on an individual's thoughts, feelings, attitudes, or behavior.

Personal Commitment

The level of dedication an individual dedicates towards achieving personal goals or upholding personal values and relationships.

Entrepreneurial Culture

An organizational culture that values innovation, encourages taking risks, and supports the initiation of new business endeavors.