Which of the following would prevent a single equilibrium wage existing across all labor markets?
A) a competitive labor market
B) workers having various skills and preferences
C) firms being free to enter any of the labor markets
D) potential workers being able to freely enter any of the labor markets
E) a payroll tax paid equally by workers and firms
Correct Answer:
Verified
Q1: If labor supply is perfectly inelastic, the
Q2: When the government mandates that firms supply
Q3: The assumption that a firm operates in
Q4: Which of the following statements regarding immigration
Q5: Which of the following statements regarding the
Q7: When the government imposes a payroll tax
Q8: The equilibrium of a competitive labor market
Q9: Standard economic theory suggests which of the
Q10: When the government imposes a payroll tax
Q11: Many immigrants and many American high school
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents