The Demand for Unskilled Workers Is Highly Price Elastic

question 71

Multiple Choice

The demand for unskilled workers is highly price elastic.This means that a tax imposed partly on unskilled workers and partly on their employers:

• A)will be paid primarily by the employers.
• B)will be paid primarily by the employees.
• C)will be equally paid by employers and employees.
• D)will be totally passed on to consumers.
• E)will be paid only by the employers.

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Definitions:

Employee Supervision

The act of overseeing and guiding employees' work and performance by a manager or supervisor to ensure tasks and objectives are accomplished.

Group Commissions

A remuneration system where a team of employees earns commissions collectively based on the group's overall performance.

Competitive Bonus

An additional compensation provided to employees to incentivize superior performance, often used to remain attractive in a competitive job market.

Goal-Sharing

The practice of disseminating and aligning goals across an organization to ensure that all members are working towards common objectives.