Which of the Following Causes of Unemployment Is Associated with a Wage

question 21

Multiple Choice

Which of the following causes of unemployment is associated with a wage rate above the market equilibrium level?

• A)minimum-wage laws
• B)unions
• C)efficiency wages
• D)All of the above are correct.

---

Definitions:

Concrete Operational

A stage in Piaget's theory of cognitive development where children begin to think logically about concrete events.

Preoperational

A stage in Piaget's theory of cognitive development, typically from ages 2 to 7, where children begin to engage in symbolic play and struggle with logic and taking the perspective of others.

Postformal Operational

A stage of cognitive development proposed to follow Piaget's formal operational stage, characterized by the ability to deal with complex, ambiguous, and contradictory information.

Personal Fable

A manifestation of adolescent egocentrism in which adolescents believe their thoughts, feelings, and experiences are more special and unique than anyone else’s, as well as the sense that they are invulnerable.