The Labor Market Is in Equilibrium Whenever

question 282

Multiple Choice

The labor market is in equilibrium whenever

• A)the nominal wage rate is decreasing.
• B)the nominal wage rate is increasing.
• C)the nominal wage rate is not changing.
• D)the real wage rate is increasing.
• E)the quantity of labor demanded equals the quantity of labor supplied.

---

Definitions:

Restructuring Strategy

A corporate management term referring to the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable or better organized for its present needs.

Retrenchment

A corporate strategy that involves reducing the size or scope of a company's operations, often through layoffs or the sale of assets, as a way to become more financially stable.

Scale and Mix of Operations

Refers to the size, scope, and combination of processes or activities carried out within an organization to produce goods or deliver services.

Differentiation Strategy

Differentiation strategy is a marketing approach in which a company develops and promotes products that distinguish themselves from those of competitors on the basis of attributes like design, quality, or performance.