Which of the following is true of wage differentials between different occupations in equilibrium?
A) Wages cannot differ across occupations if there is free mobility of labor.
B) Wages can differ across occupations due to differences in training,abilities,and preferences.
C) Wages can differ across occupations depending on the size of the labor force in the economy.
D) Wages cannot differ across occupations if there are equal opportunity employment laws.
Correct Answer:
Verified
Q23: Which of the following is not a
Q24: Economic rent accrues to:
A)owners of monopsony firms.
B)owners
Q25: Which of the following did contributed to
Q26: Tom started working five hours more each
Q27: Which of the following factors will contribute
Q29: The equilibrium wage paid to college professors
Q30: A study showed that Americans aged 15-64
Q31: A comparison of wages in the U.S.and
Q32: Which of the following correctly explains why
Q33: A compensating wage differential is the extra
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