Which of the Following Causes of Unemployment Is Associated with a Wage

question 21

Multiple Choice

Which of the following causes of unemployment is associated with a wage rate above the market equilibrium level?

• A)minimum-wage laws
• B)unions
• C)efficiency wages
• D)All of the above are correct.

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Definitions:

Conformity

The act of changing one's behavior to match the responses or norms of a group, often as a result of real or imagined group pressure.

Groupthink

A psychological phenomenon in which the desire for harmony in a decision-making group overrides a realistic appraisal of alternatives.

Minority Influence

The process by which a smaller portion of a group changes the opinions or behaviors of the larger group, often through consistency, persistence, and coherence in their stance.

Brainstorming

A creative group activity designed to generate a large number of ideas for the solution to a problem.