Which of the Following Is NOT a Possible Explanation for Wage

question 33

Multiple Choice

Which of the following is NOT a possible explanation for wage differences across sectors?

• A) Demand for products affects demand for resources.
• B) Changes in technology affect demand for resources.
• C) The government mandates a $15 per hour minimum wage for service workers.
• D) Import competition in a sector leads to lower wages.

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Definitions:

Environmental Forces

External factors such as social, economic, technological, competitive, and regulatory conditions that affect an organization's operations and outcomes.

Organizational Responses

The ways in which organizations react to changes in their internal and external environments.

Reactor

A device used in chemical or nuclear processes to contain and control reactions safely.

Effect Uncertainty

The unpredictability regarding the potential outcomes or impacts of a decision or action.