Which of the following factors do not affect an employer's ability to pay high wages?
A) Product demand
B) Degree of competition
C) Productivity of labor
D) Supply of skilled employees

Question

Quizplus · Accepted Answer

The supply of skilled employees affects the availability of labor but does not directly impact an employer's ability to pay high wages. Factors like product demand, competition, and labor productivity are more directly related to wage levels.

Which of the Following Factors Do Not Affect an Employer's