Labor and Wages

Why is the demand for labor called a derived demand?

• It is set by the supply of labor. It is set by the supply of goods and services demanded.

• It is set by the demand for labor at the lowest price.

• It is set by the demand for another good or service.

• It is set by the supply of goods and services demanded.

If an advertising business buys new computers for its employees, how might its productivity of labor be affected?

• It would increase.

• It would decrease.

• It would double.

• It would be the same.

What generally happens to the equilibrium wage when demand for workers is low and supply is high?

• It gets higher.

• It gets lower.

• It does not change.

• It moves below the demand.

Which term describes a perceived barrier that may prevent qualified women from receiving promotions to top-level jobs?

• "women's work"

• "the glass ceiling"

• "human capital"

• "women's career paths"

How might employers benefit from workplace safety laws?

• Employers can offer lower wages because more employees will want to work in a safer environment.

• Employers can pay for safety improvements in the workplace.

• Employers can hire fewer workers because the workplace is safer.

• Employers can raise wages because the workplace is safer.