In a labor market, in the absence of other changes, a higher wage increases the reward for work and reduces the willingness of employers to hire workers.
Standard detail
2.
Benchmark
Depth 1Parent ID: 85022BEEDBB744608BD5D1048845B8A7Standard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 2.
- List ID
- 2.
- Standard ID
- B567295292204462BD745BB9EC481964
- ASN identifier
- S2604801
- Subject
- Economics
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 85022BEEDBB744608BD5D1048845B8A7
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US