Which Is Most Likely to Lead to a Decrease in the Wage

question 3

Multiple Choice

Which is most likely to lead to a decrease in the wage rate?

• A) An increase in the demand for labour.
• B) An increase in the supply for labour.
• C) A decrease in the supply of labour.
• D) An increase in the demand for the product

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Definitions:

Borrow

To borrow means to take something from someone for a limited time, intending to return it, often referring to money in financial contexts.

Compounded Semi-Annually

Interest calculation method where interest is added to the principal sum of a deposit or loan twice a year, hence increasing the total amount of interest earned or paid.

Payments

Amounts of money transferred from one party to another as fulfillment of financial or contractual obligations.

Compounded Annually

Interest on an investment that is calculated once a year on the principle plus any previously earned interest.