The Real Wages of Workers Will Tend to Be High

question 10

Multiple Choice

The real wages of workers will tend to be high when

• A) output per worker is high.
• B) capital is scarce.
• C) industries are automating at a slow rate.
• D) profits are low.

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Definitions:

Tertiary

Pertaining to the third level or stage, often used in the context of tertiary education (higher education) or the tertiary sector (services sector).

Labour Market

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

Gendered Division

The allocation of roles, responsibilities, and tasks based on gender, often leading to disparities in power, resources, and opportunities.

Social Inequality

Within a community or society, inequities in opportunities and rewards exist for different social standings or positions.