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Help with US Global Economics Please??

which is not a major factor in determining the level of wages

law of supply and demand
level of production cost
minimum wage laws
actions of labor unions

2 Answers

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I am not entirely sure about me answer please forgive me if I'm wrong but I believe it is level of production cost
User White
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Out of the given, the law of supply and demand is not a major factor in determining the level of wages.

Answer: Option A

Explanation:

Both law of supply and demands primarily deals with the relationship between supply and demands for goods and services. It doesn't have any major mentions or is not even considered as elaboration of the idea of wages and their determination.

The remaining three options play major roles in examining the wages level.

User Arlg
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