All of these types of wages can cause unemployment EXCEPT
A) minimum.
B) union.
C) efficiency.
D) equilibrium.

Name: All of these types of wages can cause unemployment EXCEPT A) minimum. B) union. C) efficiency. D) equilibrium.
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Question

Quizplus · Accepted Answer

Equilibrium wages are determined by the market forces of supply and demand. If wages are set at the equilibrium level, they should not cause unemployment because they reflect the rate at which the quantity of labor supplied is equal to the quantity of labor demanded.

All of These Types of Wages Can Cause Unemployment EXCEPT