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.

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.

___________________ is a direct form of employee compensation, including salary, or wage, overtime wage, commission, etc.

An increase in taxes on labor income shifts the labor supply curve ________ and the ________. A: leftward; after-tax wage rate falls B: rightward; before-tax wage rate rises C: leftward; after-tax wage rate rises D: rightward; before-tax wage rate falls

the minimum wage

The problem of unemployment will arise ______. A: if the minimum wage is set too high B: ff the minimum wage is set too love C: if the workers are unskilled D: if the maximum wage is set

The wage were low, there was no (apply) for the position.

Recently, he has lost all his _____. A: wage and saving B: won’t wages and savingyou C: wages and savings D: wage and savings

Because the productivity of labor decreases as the quantity of labor employed increases, A: the quantity of labor a firm demands increases as the real wage rate decreases. B: the quantity of labor a firm demands increases as the money wage rate decreases. C: the labor demand curve shifts right as the real wage rate decreases. D: the aggregate production function shifts upward as the real wage rate decreases.

It is polite to ask the wage directly in a job interview.