Sticky Wages Occur Because

question 6

Multiple Choice

Sticky wages occur because:

• A) the government intervenes in the labor market.
• B) the market for labor is competitive.
• C) some wages can only be changed at the end of contracts, as opposed to final good prices, which can change anytime.
• D) All of these are true.

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Definitions:

Routes Filled

The successful assignment or completion of pathways or delivery channels according to plan or schedule.

Dummy Sources

Artificial shipping source points created when total demand is greater than total supply to effect a supply equal to the excess of demand over supply.

Transportation Problem

A logistical dilemma involving the determination of the most cost-efficient routing of goods from several supply points to various demand locations.

Routes

The paths or courses taken to get from one location to another, often used in logistics, navigation, and network design.