Which of the Following Would Result in a Short-Run Increase

question 11

Multiple Choice

Which of the following would result in a short-run increase in the wage rate in a competitive labor market?

• A)An increase in immigration.
• B)An increase in the output price.
• C)A decrease in productivity.
• D)An increase in native labor supply.
• E)A decrease in labor demand.

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Definitions:

Procedural Justice

The perception of fairness in the processes and procedures that are used to make decisions and allocate resources within an organization.

Structural Rules

The established guidelines or principles that define the configuration, construction, or procedure within a structure or system.

Social Rules

Implicit or explicit guidelines that govern behavior within a group or society.

Feelings of Equity

Perceptions of fairness in treatment, rewards, and workload among individuals or groups.