An assumption of the competitive labor market model is that
A) labor is homogenous.
B) capital is more important than labor.
C) the labor market is a monopsony.
D) there is no equilibrium wage rate.
Correct Answer:
Verified
Q1: Which of these is NOT a characteristic
Q3: In competitive labor markets, we assume that
A)
Q4: Which of these is NOT a characteristic
Q5: Which of these is NOT an assumption
Q6: In a competitive labor market, if a
Q7: The _ shows the amount of time
Q8: In economics, the term _ encompasses all
Q9: Nonwork-related activities are known in economics as
A)
Q10: Which of these would NOT be considered
Q11: The _ effect explains why individuals would
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