During which period did the so-called Great Recession occur?
A) February 2005 to July 2008
B) December 2008 to January 2010
C) April 2007 to December 2009
D) December 2007 to June 2009
Question 2Which one of the following factors has contributed to China's labor shortage?
A) approximately 30 years of the one-child policy
B) mass emigration of Chinese citizens to various other countries
C) increases to minimum wage rates
D) imposed limit on the number of individuals who can work per family
Question 3The Chinese central government is creating pressure throughout the wage structure because
A) it is trying to increase Chinese citizens' ability to purchase imported products.
B) it has raised minimum wage rates multiple times.
C) it has frozen minimum wage rates.
D) it has relaxed the one-child policy.
Question 4Which of the following Asian countries has the highest average pay rate?
A) Vietnam
B) China
C) Indonesia
D) Bangladesh
Question 5Discuss two possible unintended consequences of raising the salary threshold to qualify for overtime pay.
What will be an ideal response?
Question 6Since the 1970s, ________ has lagged behind labor productivity growth.
FIll in the blank with correct word.
Question 7Companies promote profits, in part, by holding down employees' ________.
FIll in the blank with correct word.
Question 8Which of the following is a possible advantage of raising the overtime pay threshold?
A) lower income tax rate
B) higher employee motivation to move into upper-level management positions
C) pay increases for all employees
D) higher discretionary income for the additional workers who meet the new exemption criteria
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