If Workers Demand and Receive Higher Real Wages (A Successful

question 33

Multiple Choice

If workers demand and receive higher real wages (a successful wage push) ,the cost of production ________ and the short-run aggregate supply curve shifts ________.

• A)rises;leftward
• B)rises;rightward
• C)falls;leftward
• D)falls;rightward

Comprehend the implications of GST/HST on employee benefits.

Understand the concept and types of flexible benefit programs.

Recognize the legislative aspects of employee benefits in Canada.

Identify the main advantages of using flexible benefit programs for both employers and employees.

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Definitions:

Self-Determining

The ability or process of making one's own choices and controlling one's own life without being influenced or pressured by others.

Active

Engaging in movement or action; not remaining static or idle.

Organismic Model

Model that views human development as internally initiated by an active organism and as occurring in a sequence of qualitatively different stages.

Naturalistic

Related to observing and studying phenomena in their natural environment without artificial interference.