Which of the Following Statements Is Correct

question 168

Multiple Choice

Which of the following statements is correct?

• A)​If unions successfully bargain for higher wages for their union members, employment among union members will increase.
• B)​Wages are higher in nonunion jobs than in union jobs of comparable skill.
• C)​The efficiency wage model asserts that higher wages will lead to higher productivity.
• D)​The imposition of a minimum wage above the market price for unskilled labor creates a shortage of labor.

Understand the role and impact of personal characteristics and societal biases on labor market outcomes.

Understand the economic implications of labor market discrimination.

Recognize the factors that can lead to wage differentials in a competitive labor market.

Identify scenarios where discrimination might persist despite competitive market pressures.

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Definitions:

Psychological Script

is a sequence of expected behaviors, roles, and actions that are associated with a particular social situation.

Transactional Analysis

A psychological theory that examines the interactions and dynamics between individuals, aiming to understand the ways in which people communicate and behave in various contexts.

Intelligence

The ability to learn, understand, and apply knowledge, problem solve, and adapt to new situations.

Counterattack

A response strategy involving aggressive actions to challenge or retaliate against a threat or an attack.