The Demand for LED TVs Increases

question 143

Multiple Choice

The demand for LED TVs increases. As a result

• A) the wage rate in the LED TV industry increases and the quantity demanded of workers increases.
• B) the wage rate in the LED TV industry increases and the quantity supplied of workers increases.
• C) the demand for labor increases and the supply of labor also increases, leaving wages unchanged.
• D) the demand for labor increases, but since the supply curve of labor is perfectly elastic, the wage rate does not change.

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Definitions:

Placement Recommendations

Recommendations for assigning individuals to specific positions, levels, or types of educational or professional environments based on assessment or evaluation results.

Predictive Validity

Evidence that test scores are able to predict a future criterion or standard. A type of criterion-related validity.

Predictive Validity

A measure of how well a test score or outcome can predict future performance, behavior, or outcomes in a related area.

Cognitive Ability

The capacity to perform higher mental processes of reasoning, remembering, understanding, problem solving, and decision making.