wages
Quiz
•
Social Studies
•
12th Grade
•
Medium

John Lee
Used 16+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The theory of negotiated wages is based on the
idea that wages are influenced by a labor union negotiating with management for better pay and benefits
the equilibrium wage created by supply of labor and demand of labor
concept the more skills and talents you have the higher your pay should be
principle of physical capital and resource accumulation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Unskilled workers often
earn the most income
work the most hours for the lowest wage
have the most education and training
need no supervision
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the supply of labor increases and the demand for labor stays the same, we could expect
wages to increase
no change in wages
wages to decrease
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Training and experiences is considered
physical capital
human capital
labor
necessary to obtain an unskilled job
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the price for labor
value
labor productivity
wages
human capital
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Wages, just like the other factors of production are governed by
government regulation
supply and demand
labor laws
glass ceiling
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The lowest legal wage allowed for one hour of work.
wage floor
wage ceiling
glass ceiling
minimum wage
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