Assume That a Comparable Worth Law Is Passed That Determines

question 240

Multiple Choice

Assume that a comparable worth law is passed that determines that kindergarten teachers and bricklayers have comparable jobs; therefore, workers in both of these occupations should be paid the same wages.Assume that prior to the law, bricklayers were paid a higher wage than kindergarten teachers.Which of the following is the most likely result of the comparable worth law?

• A)The equilibrium wage will be the same for kindergarten teachers and bricklayers.
• B)Some former bricklayers will become kindergarten teachers and some former kindergarten teachers will become bricklayers.
• C)There will be a shortage in the market for bricklayers and a surplus in the market for kindergarten teachers.
• D)There will be surplus in the market for bricklayers and a shortage in the market for kindergarten teachers.

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Definitions:

Multinational Corporation

An enterprise conducting business, either through manufacturing or providing services, across various nations.

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A Dutch social psychologist known for his research on cross-cultural groups and organizations, particularly for developing cultural dimensions theory.

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An organizational form that arranges jobs and responsibilities in a graded series, with clear lines of authority and command.