Which of the following statements is true?
A) A person who chooses to work at a job that pays $40,000 a year instead of a job that pays $80,000 a year is considered (by economists) to be irrational.
B) The wage rate paid in one labor market can affect the supply of labor in another labor market.
C) The wage rate paid in one labor market cannot possibly affect the wage rate paid in another labor market.
D) The demand for every type of labor is always the same.
Correct Answer:
Verified
Q137: Which of the following statements is false
Q138: Exhibit 26-6 Q139: The MPP of labor divided by its Q140: Exhibit 26-7 Q144: The elasticity of demand for labor is Q145: When the owners of a professional sports Q147: As the wage rate rises, Q155: What is the relationship between the elasticity Q156: The MPP/Price ratio for labor is 25/$5 Q157: Which of the following statements is false?
A)the supply of
A)The
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