Higher Input Costs

question 122

Multiple Choice

Higher input costs

• A) reduce profits.
• B) increase profits.
• C) shift the demand curve.
• D) always happen during a recession.
• E) provide an incentive to hire more workers.

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Definitions:

At-Will Employment

An employment arrangement where either the employer or the employee can terminate the employment at any time for any reason, except an illegal one.

Whistleblowing

The act of exposing any kind of information or activity that is deemed illegal, unethical, or not correct within an organization, either private or public, by an insider.

At-Will Employment

An employment arrangement in which an employee can be dismissed by an employer for any reason (that is not illegal) and without warning, just as the employee can leave their job without reason or warning.

Union Organizing

The process of forming or joining a labor union to represent workers in negotiations over wages, hours, and working conditions.