Which of the following is a sign of a well-functioning labor market?
A)A high degree of labor mobility (job losses and job gains).
B)A constant unemployment rate.
C)Equal pay for all workers.
D)Equal pay in all regions.
E)All workers have a college education.

Question

Quizplus · Accepted Answer

A high degree of labor mobility, characterized by job losses and gains, indicates that workers are able to move between jobs and industries as needed, responding to changes in the economy. This suggests that there are enough job opportunities available and that workers have the skills and qualifications to succeed in a range of positions. Additionally, a high degree of labor mobility can place pressure on employers to offer competitive wages and benefits in order to attract and retain skilled workers.

Which of the Following Is a Sign of a Well-Functioning