If Wages Decrease and Workers Choose to Work More Hours

question 214

Multiple Choice

If wages decrease and workers choose to work more hours or more shifts, their behavior is evidence of

• A)the substitution effect.
• B)the income effect.
• C)rational expectations.
• D)rational ignorance.

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Definitions:

Organizational Politics

The activities and behaviors individuals engage in within a workplace to gain power, influence decisions, and achieve personal goals.

Positive Energy

A contagious, uplifting force that can enhance productivity and morale in the workplace.

Jack Welch

Former CEO of General Electric, known for his leadership style and successful business strategies.

Organizational Members

Individuals who are part of an organization, including employees, management, and possibly volunteers, contributing to its goals and culture.