Suppose the Market Wage of Nurses Is Raised from $14

question 17

Multiple Choice

Suppose the market wage of nurses is raised from $14 an hour to $18 an hour because of a comparable-worth program,which aims to equalize the wages earned by men and women for similar jobs.Which of the following would result from this policy?

• A)There would be a surplus of nurses only if the demand for nurses is inelastic.
• B)There would be a shortage of nurses.
• C)There would be a surplus of nurses.
• D)There would be a shortage of nurses only if the demand for nurses is inelastic.

---

Definitions:

Sacrifices

Actions of giving up something valued for the sake of other considerations or for the benefit of others.

Transactional Leadership

A leadership style focused on supervision, organization, and performance; characterized by a system of rewards and punishments.

Contingent Rewards

Rewards that are given based on the achievement of specific criteria or performance benchmarks.

Active Management

An investment strategy where the manager makes specific investments with the goal of outperforming an investment benchmark index.