Reasons for Wages Being Set for Long Periods of Time

question 50

Multiple Choice

Reasons for wages being set for long periods of time include which of the following?

• A) Collective bargaining is costly.
• B) Strikes or the threat of strikes are costly.
• C) Careful review of workers' performance is costly.
• D) The uncertainty of contingency clauses is costly.
• E) All of the above.

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Definitions:

Interacting Individuals

The process involving two or more people communicating or influencing each other's behavior in a setting.

Cultural Orientations

A concept involving the values, beliefs, norms, and practices that are shared among members of a society or group.

Health Behaviors

Actions individuals take that affect their health, positively or negatively, such as exercise, smoking, and diet.

Disease Prevention

Measures taken to prevent the occurrence of disease or reduce its impact.