Which of the following would prevent a single equilibrium wage existing across all labor markets?
A) A competitive labor market.
B) Workers having various skills and preferences.
C) Firms being free to enter any of the labor markets.
D) Potential workers being able to freely enter any of the labor markets.
E) A payroll tax paid equally by workers and firms.
Correct Answer:
Verified
Q2: When the government mandates that firms supply
Q3: Which of the following statements regarding immigration
Q4: Many immigrants and many American high school
Q5: Which of the following statements regarding the
Q6: Which of the following would result in
Q9: Standard economic theory suggests which of the
Q10: When the government imposes a payroll tax
Q10: Assuming a country has a constant returns
Q11: Compared to the labor market outcome when
Q12: If native workers and immigrants are substitutes,
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