If the Existence of Alternative Opportunities Makes People Become Less

question 1

Multiple Choice

If the existence of alternative opportunities makes people become less willing to work in poultry processing plants, then the real wage of unskilled workers in poultry processing plants is predicted to ________ and the employment of unskilled workers in poultry processing plants is predicted to ________.

• A)increase; increase
• B)increase; decrease
• C)increase; not change
• D)decrease; decrease

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Definitions:

Fluctuating Price

A price that changes frequently due to market conditions, demand, and supply.

Negotiated

Reached through discussion and compromise between parties, typically resulting in a formal agreement or contract.

Authorized

Having been given official permission or approval to perform a certain action or access certain information.

Shelter Principle

In commercial law, a rule that allows a person who acquires goods in good faith to retain them, even if the sale was not authorized by the owner.