Identify the Correct Statement About the Supply of Labor in the U.S.economy

question 60

Multiple Choice

Identify the correct statement about the supply of labor in the U.S.economy.

• A)The supply of less-educated workers has increased more than the supply of more-educated workers, thus increasing the rewards of education.
• B)Immigration has decreased the supply of relatively less-educated workers, thus increasing wages.
• C)Immigration has increased the supply of relatively less-educated workers, thus increasing the wage rates.
• D)Computer-controlled machinery has substituted low-skilled workers in the manufacturing process, thus increasing their wages.
• E)Technological change has benefited only low-skilled, less-educated workers, at the cost of highly skilled, highly educated workers.

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Definitions:

Organizational Psychologist

A professional who applies psychological theories and principles to organizations, focusing on improving workplace productivity, health, and the quality of work life.

Analyzing Job Content

The process of examining and interpreting the duties, responsibilities, and tasks of a specific job position.

Work Satisfaction

A measure of how content an individual is with their job, considering aspects like job roles, environment, and rewards.

Life Satisfaction

The degree to which an individual judges the overall quality of their life as favorable.