Solved

Suppose That All the Necessary Conditions Exist for the Realization

Question 77

Multiple Choice

Suppose that all the necessary conditions exist for the realization of equal wage rates in every labor market, but that currently the wage rate in market X is higher than the wage rate in market Y. We expect that eventually the wage rate


A) in market X will increase more.
B) in market Y will decrease.
C) in market X will decrease and the wage rate in market Y will increase.
D) will not change in either market, because something out of the ordinary must have caused the wage rates in the two markets not to be equal.
E) a and b

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