If the Price of Output Decreases, the Equilibrium Wage of Workers

question 166

Multiple Choice

If the price of output decreases, the equilibrium wage of workers who produce that output will ________ and ________ workers will be hired.

• A) increase; more
• B) increase; fewer
• C) decrease; more
• D) decrease; fewer

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Definitions:

Workplace Information

Refers to data and insights related to the environment, culture, policies, and practices within a place of employment.

Communication Technologies

Tools and platforms used to facilitate and enhance the sharing of information.

Electronic Bullying

The use of electronic communication technologies to bully or harass an individual, typically by sending messages of an intimidating or threatening nature.

Job Demands

The physical, social, psychological, and organizational aspects of a job that require sustained physical and/or psychological effort or skills and therefore are associated with certain physiological and/or psychological costs.