Labor markets differ from most other markets because
A) contracts exist between buyers and sellers.
B) price and quantity information must be exchanged.
C) resources are allocated.
D) labor services must be rented, not bought or sold.

Question

Quizplus · Accepted Answer

Labor services cannot be owned or sold like a physical good, but instead they are rented or leased from the worker to the employer. This makes the labor market different from most other markets where goods are bought and sold. The other choices are not unique to labor markets and are present in other markets as well.

Labor Markets Differ from Most Other Markets Because