Which of the following statements is false?
A) It is likely that supply curves for labor in individual labor markets are upward sloping.
B) As wages in one industry rise relative to wages in other industries, workers shift their labor to the relatively high-wage one.
C) The mobility of labor between competitive labor markets is likely to prevent the total number of hours worked from falling as the wage rate increases.
D) Workers in one industry seldom pay attention to the wage rate(s) in other industries or labor markets.

Question

Quizplus · Accepted Answer

This statement is false. Workers do pay attention to wage rates in other industries or labor markets as they attempt to maximize their earnings. This can lead to shifts in labor between industries as discussed in statement B.

Which of the Following Statements Is False