Question

Select all of the factors that affect the level of wages (4 correct answers).

A. Skills & abilities

B. Level of immigration

C. Diminishing marginal utility

D. Consumer protection regulations

E. Production possibilities frontier

F. Size of the labor pool

G. Actions of labor unions

Answer 1

Answer: The factors that affect the level of wages are:

A. Skills & abilities

B. Level of immigration

F. Size of the labor pool

G. Actions of labor unions

Step-by-step explanation: