Which of the Following Is a Result of Increased Real

question 98

Multiple Choice

Which of the following is a result of increased real wages in the United States?

• A)A decrease in the quantity of services demanded by households
• B)An increase in the opportunity cost of remaining employed in the home
• C)A decrease in the opportunity cost of working outside the home
• D)A decline in the number of households providing labor outside the home
• E)Reduced use of labor-saving devices in households

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Definitions:

Dominant Shares

Refers to the largest portion of market share controlled by one company, product, or entity, often indicating a position of market leadership or monopoly.

SBUs

Strategic Business Units, which are smaller entities within a larger corporation that operate as separate profit centers.

Quadrant A

Often part of a matrix or chart classification system, Quadrant A could refer to a specific sector defined by two variables used in strategic analysis or planning.

BCG Business Portfolio

A strategic analysis tool developed by the Boston Consulting Group that categorizes a company’s business units or products based on their market growth rate and market share.