If Workers Demand a Wage Above the Market-Clearing Wage, We

question 166

Multiple Choice

If workers demand a wage above the market-clearing wage, we observe

• A) unemployment.
• B) an excess supply of jobs.
• C) a shortage of workers.
• D) unions.
• E) an excess demand for workers.

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Definitions:

Exocrine Gland

A gland that excretes its products through a duct that opens onto a free surface, such as the skin (e.g., sweat glands). Compare with endocrine gland.

Pancreas

A gland in the digestive and endocrine systems of vertebrates that produces digestive enzymes and hormones, including insulin.

Intracellular Receptors

Proteins located within the cell cytoplasm or nucleus that bind to specific molecules and trigger cellular responses.

Steroid Hormones

Hormones, such as insect molting hormone, cortisol, and male/female sex hormones, that are derived from cholesterol.