If You Were to Ask Your Employer for a Raise

question 179

Multiple Choice

If you were to ask your employer for a raise, which of the following would be your most effective argument?

• A)"I have a job offer at another firm that will pay me more than my current wage."
• B)"I am willing to work more hours each week."
• C)"Increases in my productivity have resulted in greater revenue and profits for your business."
• D)"My marginal product is greater than my current wage."

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Definitions:

Current Account Surplus

A scenario in which the total goods, services, and transfers a country exports are greater than what it imports.

Trade Surplus

A situation where a country's exports exceed its imports during a specific period of time, indicating a positive trade balance.

Current Account Deficit

An assessment of a nation's trade balance when the cost of imported goods and services surpasses the value of its exports.

International Gold Standard

A monetary system in which the value of a country's currency is directly linked to gold, allowing for free conversion between the currency and gold at a fixed price.