Which of the Following Will Increase the Wage Rate

question 363

Multiple Choice

Which of the following will increase the wage rate?

• A) an increase in the adult population
• B) an increase in the retirement age
• C) an improvement in technology that increases the marginal product of labor
• D) Both answers A and B are correct.

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Definitions:

Norms

Shared beliefs or standards that dictate the expected and acceptable behavior within a particular group or society.

Violated

Violated refers to the act of breaking or failing to comply with a rule, law, agreement, or expectation.

Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group.

Mores

are the accepted traditional customs, moral attitudes, or manners of a particular social group, which guide behaviors and can distinguish right from wrong.