A Politician Was Recently Quoted as Saying, "Our Country Can

question 194

Multiple Choice

A politician was recently quoted as saying, "Our country can only reach full employment by raising the minimum wage, which would cause the demand for products to increase . . . and eventually cause production to expand." His analysis overlooks the fact that

• A) minimum wage legislation increases costs of production (and thus product prices) and creates an excess supply (unemployment) of unskilled labor.
• B) automation is the prime cause of unemployment.
• C) full employment can only be reached by increasing the minimum wage substantially.
• D) minimum wage legislation may increase the employment of low-skilled workers, but this will be offset by an equal reduction in the employment of skilled workers.

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Definitions:

Subordinate Evaluations

Assessments or reviews of employees' performance, behaviors, or attitudes by their supervisors or managers.

Administrative

Pertains to the organization, management, or execution of office tasks and responsibilities.

Performance Appraisal

A systematic evaluation process in which an employee's job performance is assessed, typically by their supervisor, against specific criteria.

Self-Appraisals

The process by which an employee assesses their own job performance, strengths, and areas for improvement.