Which of the Following Can Cause an Increase in Real

question 95

Multiple Choice

Which of the following can cause an increase in real wages?

• A)a technological advance that increases the quality of the capital goods used by labor.
• B)higher demand for labor.
• C)an increase in the price level.
• D)a and b
• E)all of the above

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Definitions:

Entrepreneurship

The process of designing, launching, and running a new business, often characterized by innovation, risk-taking, and the pursuit of growth.

Growth Needs

Psychological requirements essential for personal development and self-actualization, beyond basic physiological or safety needs.

Maslow

A psychologist best known for proposing Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Fully Functioning Individual

A person who lives in harmony with their deepest feelings and impulses, exhibiting openness to experience and a willingness to live authentically.