Multiple Choice
A firm is a price taker in the labor market if
A) the skills of available workers do not match the requirements for the job.
B) there is a scarcity of labor in the market.
C) the hiring of more workers will drive the existing wage rate up.
D) the hiring of more workers will leave the existing wage rate unchanged.
Correct Answer:
Verified
Related Questions
Q49: Q50: Other things held constant, after some point Q51: Q52: As a firm hires more workers, holding Q53: An outward shift in the consumer demand Q55: A firm in a competitive input market 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
