Which of the Following Was Not a Reason Why Wages

question 10

Multiple Choice

Which of the following was not a reason why wages in the US increased during World War I?

• A) A sharp decrease in immigration during the war.
• B) A large increase in drafting men into the armed forces.
• C) A large increase in the number of government contracts.
• D) A large increase in the number of women who were employed in the labor market.

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Definitions:

Output

The cumulative quantity of products or services generated by a business, sector, or economic system over a given timeframe.

Profit

The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain it.

Demand Schedule

A table or graph showing the quantity of a product that consumers are willing and able to purchase at various prices during a specified period.

Marginal Cost

The supplementary cost resulting from manufacturing an extra unit of a good or service.