Wages Tend to Be "Sticky" Because

question 134

Multiple Choice

Wages tend to be "sticky" because:

• A) contracts are often negotiated for long terms and cannot be easily changed.
• B) workers are less likely to work as hard if their pay may be cut due to market performance and not their performance.
• C) constantly changing wages creates uncertainty and costs the employer a lot of time and energy to change wage rates.
• D) All of these are possible reasons why wages might be sticky.

---

Definitions:

Bush Doctrine

A foreign policy principle advocated by President George W. Bush, emphasizing preemptive military action against perceived threats to US security.

Preemptive War

A war initiated with the intention of preventing another party from acquiring the capability to pose a serious threat.

United Nations

An international organization founded in 1945 to promote peace, security, and cooperation among countries worldwide.

Member States

Refers to the individual states that comprise a federal union, each possessing certain powers and responsibilities as delineated by the national constitution.