When the Supply of Workers Is Plentiful, One Would Predict

question 80

Multiple Choice

When the supply of workers is plentiful, one would predict that market wages would be:

• A) determined outside the domain of the neoclassical theory
• B) low, other things being equal
• C) high, other things being equal
• D) determined solely by factors that affect demand

---

Definitions:

Power Holder

An individual or group that possesses and exercises authority or influence over others in a particular context.

Structured Mission

A clearly defined and organized purpose or goal that directs the actions and strategies of an individual, group, or organization.

Legitimate

Refers to something that is lawful, justified, or recognized as being in accordance with established rules, principles, or standards.

Referent

An individual or group that someone relates to or identifies with, often used as a standard for comparison in social psychology.