A Surplus of Labor Is Eliminated by ________ in the Real

question 211

Multiple Choice

A surplus of labor is eliminated by ________ in the real wage rate and a shortage of labor is eliminated by ________ in the real wage rate.

• A)an increase;an increase
• B)an increase;a decrease
• C)a decrease;an increase
• D)a decrease;a decrease
• E)None of the above answers is correct because shortages and surpluses are eliminated by changes in the demand for labor and the supply of labor,not the wage rate.

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Definitions:

Ingroup

A social group to which an individual feels they belong, often leading to favoritism towards group members and discrimination against those not in the group.

Latitude of Acceptance

the range of ideas that a person sees as reasonable or worthy of consideration, with ideas falling outside of this range often dismissed or ignored.

Physical Attractiveness

How much someone's physical characteristics are judged as beautiful or appealing by others.

Evolutionary Explanation

An analysis that seeks to understand behaviors and physical traits in terms of their adaptive value and how they may have evolved to solve reproductive and survival challenges.