A 'wage taker' refers:
A) only to an employer who must accept the market determined wage
B) to both employers and employees who must accept the market determined wage rate
C) only to an employee who must accept the market determined wage
D) to the wage rates that must be accepted by employees in imperfect markets
Correct Answer:
Verified
Q1: In a perfectly competitive labour market an
Q2: In a perfectly competitive market for labour
Q3: Compared to a perfectly competitive labour market,
Q5: In a competitive labour market the cost
Q6: A firm which is a 'wage- setter'
Q7: Under perfect competition wage- rates are NOT
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)
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