When the Supply of Workers Is Plentiful, One Would Predict

question 34

Multiple Choice

When the supply of workers is plentiful, one would predict that market wages would be

• A) determined solely by factors that affect supply.
• B) determined solely by factors that affect demand.
• C) low, other things equal.
• D) high, other things equal.

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Definitions:

Instrument

A formal legal document, such as a contract, will, promissory note, or warrant, that establishes rights, privileges, or liabilities.

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money, either on demand or at a specified future date.

Fraudulently Changes

The act of deceitfully altering information or documents with the intent to gain an unauthorized benefit or to deceive others.

Forged Indorsement

occurs when someone unlawfully signs another person's name on a financial document, such as a check, without authorization.