In the Wage Setting Relation W = PeF(u,z),the Variable Z

question 43

Multiple Choice

In the wage setting relation W = PeF(u,z) ,the variable z does NOT include which of the following variables?

• A)the minimum wage
• B)unemployment benefits
• C)the extent to which firms mark up prices over their marginal cost
• D)all of the above
• E)none of the above

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Definitions:

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Mead

George Herbert Mead, an American philosopher, sociologist, and psychologist, known for his contributions to social psychology and the development of symbolic interactionism.

Piaget

A Swiss developmental psychologist and philosopher known for his theories of cognitive development in children.

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