Which of the Following Statements Is False

question 107

Multiple Choice

Which of the following statements is false?

• A) It is likely that supply curves for labor in individual labor markets are upward sloping.
• B) As wages in one industry rise relative to wages in other industries, workers shift their labor to the relatively high-wage one.
• C) The mobility of labor between competitive labor markets is likely to prevent the total number of hours worked from falling as the wage rate increases.
• D) Workers in one industry seldom pay attention to the wage rate(s) in other industries or labor markets.

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Definitions:

Projects

Temporary endeavors undertaken to create a unique product, service, or result.

One-Time Activities

Events or actions that occur only once and are not repeated in the foreseeable future.

Beginning And End Points

These are the start and finish lines in a process, project, or activity, defining the scope and limits of the undertaking.

Management By Exception

A management strategy where only significant deviations from set standards are addressed, allowing managers to focus on critical issues.