An Alternative View to That Held by Neo-Classical Economists Is

question 8

Multiple Choice

An alternative view to that held by neo-classical economists is that:

• A) centralised wage bargaining is conducive to lower wage inflation and lower unemployment.
• B) decentralised wage bargaining is conducive to lower wage inflation and lower unemployment.
• C) centralised wage bargaining increases wages and increases unemployment.
• D) centralised wage bargaining decreases wages but increases unemployment.

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Definitions:

Incremental Theorist

A person who believes that abilities and intelligence can be developed through effort, practice, and dedication.

Entity Theorist

A person who believes that personal attributes such as intelligence or talent are fixed traits rather than qualities that can be developed.

Traits

Enduring and distinct characteristics of an individual's personality that are consistent across different situations and time.

Abilities

A term for the various skills, talents, or competencies that an individual possesses, which may vary widely from person to person.