Which of the Following Is NOT a Possible Explanation for

question 52

Multiple Choice

Which of the following is NOT a possible explanation for
Wage differences across sectors?

• A)Demand for products affects demand for resources.
• B)Changes in technology affect demand for resources.
• C)The government mandates that service sector jobs pay more.
• D)Import competition in a sector leads to lower wages.

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Definitions:

Issued

The act of officially distributing or making something available, often used in contexts like the issuance of currency, stocks, or legal documents.

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or named party.

Bearer Instrument

An instrument payable to cash or to whoever is in possession of the instrument.

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for the financing of accounts receivable, inventories, and meeting short-term liabilities.