Solved

Assume the Following Conditions Hold: (1) the Demand for Every

Question 76

Multiple Choice

Assume the following conditions hold: (1) the demand for every type of labor is the same, (2) there are no special nonpecuniary aspects to any job, (3) all labor is ultimately homogeneous and can costlessly be trained for different types of employment, (4) all labor is mobile at zero cost. Given these conditions,


A) wage rates will be the same in most labor markets.
B) the demand for labor will be less in some labor markets than in others.
C) wage rates will be the same in all labor markets.
D) wage rates will be the same in very few labor markets.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents