A Senator Stated That, "It Is Time to Put People

question 216

Multiple Choice

A Senator stated that, "It is time to put people before profits; that is why I am sponsoring legislation that requires all businesses to purchase health insurance for their workers." Given that the demand for labor is more elastic than the supply of labor, what will be the result of this proposed legislation?

• A) The demand for labor will increase, causing businesses to pay workers higher wages.
• B) The supply of labor will decrease, causing businesses to pay workers higher wages.
• C) Workers will pay for their employer-provided health insurance in the form of lower wages.
• D) Firms will pay for the majority of their workers' health insurance because it is their legal obligation.

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Definitions:

Christian

A Christian is a person who follows or adheres to Christianity, a monotheistic religion based on the life and teachings of Jesus Christ.

Mandated Vacation Time

Legislation or policies requiring employers to provide a certain minimum amount of paid vacation time to employees.

Power Distance

A cultural aspect indicating the degree to which individuals in positions of lesser power within organizations and institutions accept and assume an unequal distribution of authority.

Elastic Time

A cultural concept where time is seen as flexible, with a focus on accomplishing tasks rather than adhering to a strict schedule.