Unemployed Workers Are Most Apt to Form a Pressure Group

question 3

Multiple Choice

Unemployed workers are most apt to form a pressure group to support ________.

• A)export restrictions
• B)import restrictions
• C)price limitations
• D)import subsidies

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Definitions:

Marginal Productivity

The additional output that is produced by adding one more unit of a factor of production, holding other factors constant.

Income Distribution

The way in which total income is divided among the population or different groups in an economy.

Labor Market

The supply and demand for labor, where employers seek to hire workers and workers look for employment.

Equilibrium Level

The equilibrium level is the point at which market supply equals market demand, resulting in a stable market condition where there is no inherent tendency for change.