Efficiency Wages, Minimum-Wage Laws, and Unions All

question 24

Multiple Choice

Efficiency wages, minimum-wage laws, and unions all

• A)keep wages below the equilibrium level, causing a shortage of labor.
• B)keep wages below the equilibrium level, causing a surplus of labor.
• C)keep wages above the equilibrium level, causing a shortage of labor.
• D)keep wages above the equilibrium level, causing a surplus of labor.

---

Definitions:

Developmental Measures

Methods or tools used to assess the progress of a child's development in various areas such as cognitive, emotional, and physical growth.

IQ Scores

Standardized scores derived from intelligence tests that aim to measure human intelligence.

Babbling

Making speechlike but meaningless sounds.

Cooing

The early vocalization of infants, consisting of soft, throaty sounds, typically starting around 2 months of age, as a precursor to speech development.