If Every Worker Wants Ten Dollars More Per Hour to Work,then

question 1

Multiple Choice

If every worker wants ten dollars more per hour to work,then wages will

• A) go up by $10.
• B) go up by more than $10.
• C) go up by less than $10.
• D) go down as employment falls.

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Definitions:

Legal Authority

An entity or institution that has the legally granted power to make decisions, and to enforce laws or rules.

Financial Statement

A summary report that comprehensively shows a company's financial performance and position at a specific point in time, including the balance sheet, income statement, and cash flow statement.

Statement of Operations

A financial report detailing a company's revenues, expenses, and profits over a specific period, also known as an income statement.

Revenues

Income earned from normal business operations and other activities, often reflected at the top of an income statement.