Which of the following can result in job rationing?
I. minimum wage
Ii. union wage
Iii. diminishing returns
A) iii only
B) ii only
C) i only
D) i, ii, and iii
E) i and ii
Correct Answer:
Verified
Q118: Q119: The demand for labor curve is Q120: The idea that potential GDP is the Q121: If the real wage rate decreases from Q122: A surplus of labor is eliminated by Q124: Job rationing occurs when the real wage Q125: The production function graphs the relationship between Q126: The idea that the production function exhibits-------------implies Q127: For a household, the opportunity cost of Q128: France offers its citizens generous unemployment benefits
A)a horizontal
A)nominal
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