Real Wages Increased in Industrialized Countries in the Twentieth Century

question 76

Multiple Choice

Real wages increased in industrialized countries in the twentieth century because the demand for labor:

• A)increased more rapidly than the supply of labor increased.
• B)increased more slowly than the supply of labor increased.
• C)increased, while the supply of labor decreased.
• D)decreased, while the supply of labor increased.

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Definitions:

Liability

The legal responsibility or obligation to compensate for harm or damage caused as a result of actions or negligence.

Social Drift Theory

The hypothesis suggesting that individuals from higher social classes who are predisposed to mental illness tend to drift into lower social classes.

Social Class

A classification within society determined by economic and social standing.

Mental Illness

A broad range of mental health conditions that affect mood, thinking, and behavior, often requiring clinical diagnosis and management.