The figures given below show the demand (D) and supply (S) curves of labor in two different markets. Figure 15.3
-Which of the following is a reason for the wage differential shown in Figure 15.3?
A) The workers in Market B are more productive than the workers in Market A.
B) The workers in Market B are unionized whereas the workers in Market A are not.
C) Market B hires a larger number of skilled workers than Market A.
D) Market A represents the market for a risky occupation.
E) Working conditions offered by the firms in Market B are uncongenial.
Correct Answer:
Verified
Q30: The figures given below show the demand
Q31: The figure given below shows the demand
Q32: Investment in human capital implies:
A)investment on machines,technological
Q33: Why are a large number of IT
Q37: Which of the following statements is true?
A)Income
Q38: Why do skilled workers earn relatively higher
Q39: The figures given below show the demand
Q39: The figure given below shows the demand
Q40: Which of the following refers to human
Q41: The following figures show the demand and
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