Which of the Following Will Increase the Wage Rate

question 110

Multiple Choice

Which of the following will increase the wage rate?

• A) New technology increases the marginal product of labour.
• B) The price of the output produced by the workers increases.
• C) An increase in labour supply
• D) Both answers A and B are correct.

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Definitions:

Workplace-level Committee

A group within a company tasked with addressing and managing specific issues related to the workplace environment, health and safety, or worker rights.

Codetermination

A practice where employees have a role in the management and decision-making processes of a company, especially prevalent in some European countries.

Sector Bargaining

Collective bargaining that occurs at an industry or sector level, involving multiple employers and aimed at establishing common terms and conditions of employment across that sector.

Globalization

The method through which companies or various entities gain global influence or begin to function on a worldwide level.