In a competitive labour market inefficiency is signaled by:
A)decreased profit to firms.
B)increased income equality.
C)increased profit to firms.
D)unemployment or underemployment.

Question

Quizplus · Accepted Answer

In a competitive labour market, inefficiency is signaled by unemployment or underemployment. This occurs when there are not enough job opportunities available to meet the demand for work, resulting in individuals being unable to find employment or being employed in part-time or low-paying jobs that do not utilize their full skills and abilities. This is an indication that the labour market is not functioning efficiently and is not providing adequate employment opportunities for workers.

In a Competitive Labour Market Inefficiency Is Signaled By