If the Wage Paid to Workers Increases, the Labor Demand

question 219

Multiple Choice

If the wage paid to workers increases, the labor demand curve

• A) will not shift.
• B) shifts to the left and fewer workers are hired.
• C) shifts to the right and more workers are hired.
• D) shifts to the right and fewer workers are hired.

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Definitions:

Exit-Voice-Loyalty-Neglect

A model describing how individuals respond to dissatisfaction in organizations or relationships, choosing among exiting, voicing concerns, remaining loyal, or neglecting responsibilities.

Voice

An individual's expression of opinions or the ability to speak up in a group setting, often related to organizational feedback mechanisms.

Organizational Commitment

The psychological attachment and loyalty an employee feels toward their organization, often resulting in continued employment and high levels of effort.

Employee Involvement

A management philosophy that emphasizes the importance of employees making contributions to and participating in decisions that affect their work and the organization.