Which of the Following Causes of Unemployment Is Not Associated

question 180

Multiple Choice

Which of the following causes of unemployment is not associated with a wage rate above the equilibrium level?

• A)unions
• B)efficiency wages
• C)job search
• D)minimum-wage laws

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Definitions:

Wages Expense

Represents the total amount of wages and salaries that a company pays to its employees for a specific period.

Wages Payable

Represents the total amount of unpaid wages that a company owes to its employees at a given point in time.

Store Supplies Expense

The cost associated with materials and supplies consumed during the operation of a retail store, recognized as an expense in the company's financial statements.

Adjusting Entry

An accounting journal entry made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.