The more dangerous of two jobs currently pays $3 more per hour.The jobs are equivalent in all other respects.If labor is migrating from the higher-risk job to the lower-risk job,then
A) the equilibrium compensating wage differential is less than $3 per hour
B) the wage rate will drop for the more dangerous job
C) the wage rate will rise for the less dangerous job
D) the equilibrium compensating wage differential is greater than $3 per hour
E) equilibrium is unattainable in the two labor markets
Correct Answer:
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