Suppose the competitive labor market for plumbers is in equilibrium.Which of the following might decrease the wage for plumbers?
A) An economic boom increases the demand for new homes.
B) The plumbers union creates a rigorous certification test that is difficult for aspiring plumbers to pass.
C) Unemployed manufacturing workers attend technical schools to learn the plumbing trade.
D) A minimum wage is imposed in the market for plumbers.
Correct Answer:
Verified
Q43: A profit-maximizing firm will hire workers up
Q67: Over the past several years, the demand
Q69: Which of the following statements is true?
A)If
Q70: The government increases the sales tax on
Q72: A factor demand curve will shift because
Q73: If a firm hires labor and with
Q74: An increase in the demand for autoworkers
Q75: A factor demand curve will shift to
Q76: Benny employs people to sell candy bars
Q80: An increase in the market demand for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents