Examlex

Solved

Suppose the Labor Market for Plumbers Is in Equilibrium

question 46

Multiple Choice

Suppose the labor market for plumbers is in equilibrium. Which of the following might DECREASE the wage for plumbers?


Definitions:

Absolute Power

A condition of unchecked and total control or authority, often exercised by a leader or government without limitations or opposition.

Referent Power

A form of influence based on the leader’s likability and the followers’ desire to identify with or emulate them.

Legitimate Power

Power that is recognized and accepted by individuals due to the position or role of the person holding it.

Achievement Of Organizational Goals

The successful fulfillment or reaching of objectives set by an organization through collective efforts and strategies.

Related Questions