A Higher Wage Could Result in a Lower Labor Cost

question 92

Multiple Choice

A higher wage could result in a lower labor cost per unit of output than a lower wage if the higher wage

• A) brings forth greater work effort.
• B) increases supervision costs.
• C) increases job turnover.
• D) increases worker absenteeism.

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Definitions:

Cognitive Development

A field of study in neuroscience and psychology focusing on a child’s development in terms of information processing, conceptual resources, perceptual skill, language learning, and other aspects of brain development.

Socialization

The process by which individuals learn and adopt the norms, values, behaviors, and social skills appropriate to their society.

Cis

Short for "cisgender," describing individuals whose gender identity matches the sex they were assigned at birth.

Trans

A term used to describe individuals whose gender identity differs from the sex they were assigned at birth.