Which of the following assumptions is not likely to be met in the real world?

Question

Quizplus · Accepted Answer

Each of the assumptions listed (A through D) is unlikely to be met in the real world. Labor markets differ significantly in demand due to various factors such as location, industry, and skill requirements. Nonpecuniary factors, such as job satisfaction and work environment, also vary widely across jobs. Labor is not homogeneous; workers have different skills, experiences, and preferences. Lastly, there are often significant costs associated with labor mobility, including relocation expenses and the loss of social networks.

Which of the Following Assumptions Is Not Likely to Be