Which of the Following Groups Includes Individuals Who Were Born

question 2

Multiple Choice

Which of the following groups includes individuals who were born between the years 1978-1994?

• A)the Gen X-ers
• B)the Gen Y-ers
• C)the Baby Boomers
• D)Pre-Millenials

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Definitions:

Labor Union

An organization formed by workers in the same trade or industry to collectively negotiate wages, benefits, working conditions, and rights.

Deadweight Loss

A cost to society created by market inefficiency, which occurs when supply and demand are out of equilibrium.

Labor Market

The supply and demand for labor, where employers seek to hire workers and workers look for jobs.

Pure Monopsonist

A market condition in which there is only one buyer for a product or service.