Which of the Following Statements Does Not Accurately Describe the Market

question 476

Multiple Choice

Which of the following statements does not accurately describe the market for labor?

• A)The characteristics of workers, such as their education and experience, the characteristics of jobs, such as their pleasantness or unpleasantness, and the presence or absence of discrimination by employers all determine equilibrium wages.
• B)Labor unions, minimum wage laws, and efficiency wages all may increase wages above their equilibrium level.
• C)Firms are willing to pay more for better-educated workers as long as there is an excess supply of this type of worker.
• D)Discrimination by employers against a group of workers may artificially lower wages for that group.

---

Definitions:

Feedback

The process of giving or receiving information about the performance of a task, with the intention of improving the outcome or behavior.

Empowerment

Empowerment refers to the process of increasing the capacity of individuals or groups to make choices and to transform those choices into desired actions and outcomes.

Nurse Manager

A registered nurse who oversees the nursing staff in a healthcare facility, managing budgets, schedules, and patient care standards.

Annual Goals

Objectives or targets set to be achieved within a twelve-month period, often related to personal, educational, or professional development.