Which of the Following Is a Positive Effect of Job

question 114

Multiple Choice

Which of the following is a positive effect of job search and the unemployment that often accompanies it?

• A) It keeps wages and income levels low.
• B) It permits individuals to better match their skills and preferences with the requirements of a job.
• C) It reduces the wage gap between high skill workers and those with few skills.
• D) It creates political pressure for an increase in the minimum wage, which will reduce the rate of unemployment in the long run.

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Definitions:

Owner's Drawings Account

An equity account that tracks the amounts withdrawn by the owner(s) of a business from the company for personal use.

Right Side

In accounting, this refers to the credit side of a ledger account, opposite of the left side (debit side), reflecting increases in liabilities, equity, and revenue accounts.

Account

A record used to keep track of financial transactions within a specific category in accounting.

Credit Side

The right side of an accounting ledger where increases in liabilities, equity, and revenue accounts, or decreases in assets and expense accounts are recorded.