Which of the Following Arguments Is NOT Offered to Explain

question 64

Multiple Choice

Which of the following arguments is NOT offered to explain the existence of "sticky" wages?

• A)the social contract explanation
• B)the relative-wage explanation
• C)the fact that labor contracts don't exist
• D)the explicit contract explanation

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Definitions:

U.S. Tariffs

Taxes imposed by the United States government on imported goods and services to protect domestic industries or to generate revenue.

Retaliatory Tariffs

Import taxes imposed by a country in response to similar taxes levied by another country.

Tariff

A tariff is a tax on imports or exports between sovereign states, often used by governments to protect domestic industries from foreign competition or to generate revenue.

Salmon

A species of fish commonly found in the Atlantic and Pacific Oceans, known for its pink to orange flesh.