The Real Wage Will Increase If

question 38

Multiple Choice

The real wage will increase if:

• A)the supply of labor increases.
• B)the productivity of labor increases.
• C)the price of output decreases.
• D)the supply of capital decreases.

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Definitions:

Organization Marketing

Marketing activities undertaken by organizations to promote themselves, their ideals, or their services to gain public support or business clients.

Place Marketing

The promotion of a particular locale or destination to attract more visitors, residents, or businesses.

Low Tax Rates

Fiscal policy characterized by lower percentages of income or value taken by government in taxes, often aimed at stimulating economic growth.

Accessible Transportation

Transportation systems and services designed to be usable by people with a wide range of abilities, including those with disabilities.