All of the Following Are Reasons Why the Wages of Workers

question 3

Multiple Choice

All of the following are reasons why the wages of workers and the prices of inputs rise more slowly than the prices of final goods and services except

• A)unions are successful in pushing up wages.
• B)firms are often slow to adjust wages.
• C)contracts make prices and wages sticky.
• D)menu costs make some prices sticky.

---

Definitions:

Functional Needs

The basic or practical needs that a product or service fulfills for the customer.

Affective Component

A component of attitude that reflects what a person feels about the issue at hand—his or her like or dislike of something.

Psychological

Pertaining to the mind or mental processes, affecting or involving the psychological state.

Lululemon Customers

Lululemon customers are individuals or groups who purchase athletic apparel and accessories from the Lululemon brand, known for its yoga and fitness-related products.