The earnings of all employees in a competitive economy would be equal if
a. all individuals were homogeneous.
b. all jobs were equally attractive.
c. workers were perfectly mobile among jobs.
d. all of the above are true.
D
You might also like to view...
The rule of rational choice is that in trying to make themselves better off, people alter their behavior if the expected marginal benefits to them from doing so ____ the expected marginal costs they will bear. a. exceed
b. equal. c. are less than. d. Either a. or b.
A tariff has one distinct advantage over a quota. It increases tax revenues to the government
a. True b. False Indicate whether the statement is true or false
To encourage economic development a country should do all of the following except
What will be an ideal response?
Public goods face the
A. law of overproduction. B. free-rider problem. C. principle of rival consumption. D. exclusion principle.