A wage is the price for labor. A minimum wage set above equilibrium wage would be an example of: A: . a price ceiling. B: . a price floor. C: . a gap in prices or wages. D: . a wage settlement.

The price of leisure is an individual's wage, and this is the opportunity cost of not working.

The minimum wage is an example of() A: a price ceiling. B: a price floor. C: a free-market<br/>process. D: an efficient labor<br/>allocation mechanism.

A profit-maximizing competitive firm will hire workers up to the point at which the wage equals the price of the final good

A profit-maximizing competitive firm will hire workers up to the point at which the wage equals the price of the final good A: 正确 B: 错误

The causes of wage-push inflation are ( ). A: Wage price spiral B: Strong labor union C: Incompletely competitive labor market D: Expansionary income policy

中国大学MOOC: Use the neoclassical theory of distribution, A technological advance improves the Production function. then, the real wage and the real rental price both increase.

Use the neoclassical theory of distribution, A technological advance improves the Production function. then, the real wage and the real rental price both increase. A: 正确 B: 错误

概念题：工资一价格螺旋（wage-price spiral）

An increase in the population and hence the supply of labor causes a A: shortage of labor at the original real wage rate and the real wage rate will fall. B: surplus of labor at the original real wage rate and the real wage rate will rise. C: surplus of labor at the original real wage rate and the real wage rate will fall. D: shortage of labor at the original real wage rate and the real wage rate will rise.