Under perfect competition wage- rates are NOT affected by:
A) how unpleasant a particular job is
B) workers' willingness to sacrifice leisure for money
C) how hard people work
D) agreements between employers and trade unions
Correct Answer:
Verified
Q2: In a perfectly competitive market for labour
Q3: Compared to a perfectly competitive labour market,
Q4: A 'wage taker' refers:
A) only to an
Q5: In a competitive labour market the cost
Q6: A firm which is a 'wage- setter'
Q8: The supply curve for labour in the
Q9: If the productivity of workers suddenly rises
Q10: New technology in the form of computer
Q11: The market demand curve for labour is:
A)
Q12: When a monopsonist enters a perfectly competitive
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