Which of the Following Statements Does Not Accurately Describe the Market

question 476

Multiple Choice

Which of the following statements does not accurately describe the market for labor?

• A)The characteristics of workers, such as their education and experience, the characteristics of jobs, such as their pleasantness or unpleasantness, and the presence or absence of discrimination by employers all determine equilibrium wages.
• B)Labor unions, minimum wage laws, and efficiency wages all may increase wages above their equilibrium level.
• C)Firms are willing to pay more for better-educated workers as long as there is an excess supply of this type of worker.
• D)Discrimination by employers against a group of workers may artificially lower wages for that group.

---

Definitions:

Distributing Business Messages

The process of sharing information related to business activities, updates, or policies across an organization or with external stakeholders.

Security Concerns

Issues related to the protection of information, assets, and individuals from potential threats.

Business Messages

Communication conveyed through various formats, such as emails, letters, or memos, intended for business purposes.

Distribution Issues

Challenges or problems encountered in the process of delivering products or services to the end-user.