Which of the following is most likely to reduce the market wage rate in a job category?
a. The job is widely viewed as dangerous.
b. The job requires employees to move from city to city quite often.
c. The job requires substantial out-of-town travel.
d. Employees have considerable flexibility in choosing their work hours.
d. Employees have considerable flexibility in choosing their work hours.
You might also like to view...
The Consumer Price Index was 247 in year 1 and 272 in year 2. The rate of inflation in year 2 was:
a. 6 percent b. 12 percent c. 8 percent d. 10 percent
The short-run supply curve of a perfectly competitive industry with firms having identical costs is:
a. a horizontal line at the market price. b. a vertical line at the equilibrium output. c. an upward rising curve. d. a downward sloping step function.
The creation of the European Union is an example of Hayek's:
a. Human action b. Human design c. Spontaneous disorder d. None of the above
Figure 4.4 illustrates the supply of tacos. An increase in the price of ground beef, which is used to make tacos, would most likely cause a movement from:
A. point a to point b. B. point c to point b. C. S2 to S1. D. S0 to S1.