Which Change Is Likely to Increase Wages the MOST in a Country

question 174

Multiple Choice

Which change is likely to increase wages the MOST in a country?

• A) Drainage of swampy land allows 2% more land to be farmed.
• B) The labor force grows by 2%.
• C) The capital-to-labor ratio rises by 2%.
• D) Since the growth rate is 2% in all listed situations, wages would increase equally in all of them.

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Definitions:

Conflict

A disagreement or clash resulting from differing interests, values, or needs in a relationship, group, or organization.

Mergers and Acquisitions

Business strategies involving the consolidation of companies or assets, where mergers unify two companies, and acquisitions involve one company purchasing another.

Values and Beliefs

fundamental attitudes and principles that guide behaviors and perceptions of the world.

Conflict

Refers to a situation where there is a clash of interests, values, actions, views, or directions between individuals or groups.