Suppose Workers in Labor Market X Are Qualified to Work

question 33

Multiple Choice

Suppose workers in labor market X are qualified to work in an alternative competitive labor market Y,and vice versa.An increase in the demand for labor in market Y will:

• A)increase labor supply in X and drive its wage down
• B)decrease labor supply in X and drive its wage up
• C)reduce labor supply in Y and drive its wage down
• D)have no impact at all in X

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Definitions:

Operational Network

A strategic arrangement of resources and activities that work together to achieve organizational objectives efficiently.

Power-oriented Linguistic Style

A communication approach that prioritizes clear, assertive, and direct language to influence or command others.

Management

The process of planning, organizing, leading, and controlling resources efficiently to achieve organizational objectives.

Selective Listening

Selective listening occurs when an individual pays attention only to information that aligns with their existing beliefs or interests, ignoring or disregarding opposing perspectives.