Suppose the Current Wage of Type a Workers Is $5

question 30

Multiple Choice

Suppose the current wage of Type A workers is $5 per labor hour,while that of Type B workers is $7 per labor hour.If the government sets the minimum wage in the labor market at $8 per labor hour,which of these two groups would experience a higher increase in the wage rate and by what percentage?

• A)Type B workers;the wage rate would increase by 10 percent
• B)Type A workers;the wage rate would increase by 10 percent
• C)Type A workers;the wage rate would increase by 60 percent
• D)Type B workers;the wage rate would increase by 60 percent

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Definitions:

Job Design Tactic

Strategies or approaches to structuring jobs and tasks that enhance work efficiency and employee satisfaction.

Job Enrichment

An increase in the scope of a job to make it more complex, interesting, stimulating, and satisfying for employees

Responsibilities

Duties or tasks that someone is required or expected to carry out, often as part of their role in a job, family, or society.

Scientific Management

A theory of management that analyzes and synthesizes workflows to improve economic efficiency, especially labor productivity.