Solved

Using a Traditional Labor Market Explanation of the Influence of Fairness

Question 58

Multiple Choice

Using a traditional labor market explanation of the influence of fairness, we would assert that:


A) the dissatisfaction with unfair wages by just one or few workers is sufficient to push wages up.
B) unemployment caused by the imposition of minimum-wage laws is fundamentally unfair.
C) workers do not complain about unfair wages if there is a glut of unemployed workers.
D) if enough workers do not feel that their wages are fair, there will be a reduction in the supply of labor, and wage rates will increase.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents