Refer to the Information Provided in Figure 13

question 136

Multiple Choice

Refer to the information provided in Figure 13.4 below to answer the questions that follow. Figure 13.4
-Refer to Figure 13.4. The demand for labor rises from D' to D. If firms had entered into explicit contracts with workers that set wages for 3 years, then the wage rate will ________ and employment will ________.

• A) remain at $8; rise to 400 million
• B) remain at $10; fall to 200 million
• C) rise to $10; remain at 200 million
• D) rise to $10; rise to 300 million

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Definitions:

Public-Policy Exception

A legal doctrine that prevents employers from terminating employees in violation of well-established public policy of the state.

Whistle-Blowers

Individuals who expose illegal, unethical, or improper conduct within an organization, often facing significant personal and professional risk.

Job Dissatisfaction

Is the feeling of being unhappy with one’s job. It is a major cause of voluntary turnover.

Affective Commitment

The emotional attachment and involvement an employee feels towards their organization, influencing their willingness to stay and contribute positively.