Camryn Started Her Career as a High-Tech Factory Worker and Through

question 93

Multiple Choice

Camryn started her career as a high-tech factory worker and through increased experience and taking specialized courses in her field became an entrepreneur, starting her own highly successful "dot.com" business. Camryn's advancement is an example of __________ mobility.

• A)exchange
• B)intergenerational
• C)structural
• D)intragenerational

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Definitions:

Supply

The total amount of a product or service that is available to consumers, often influenced by price, production costs, and external factors.

Labor Union

An organization of workers formed to protect and advance their rights and interests, typically through collective bargaining.

Excess Supply

A situation where the quantity of a product offered by producers exceeds the quantity demanded by consumers, leading to surplus.

Equilibrium Market Wage

Another term for the wage rate at which the quantity of labor demanded equals the quantity supplied, ensuring labor market balance without excess supply or demand.