One explanation for the existence of wage differentials in the long run is that
a. not every job is equally appealing to all workers
b. all labor markets are perfectly competitive
c. workers are equally able to perform every job
d. the number of workers varies by market
e. population trends influence the demand for labor
A
You might also like to view...
The Conference Board does a good job predicting recessions for reasons that include ________
A) a focus on fewer than five leading variables B) exclusive use of real-time data C) revisions of the components of its monthly index D) all of the above E) none of the above
When marginal cost exceeds marginal revenue,
A. marginal profit < 0. B. the firm should increase output. C. marginal profit + marginal cost > marginal revenue. D. marginal cost < marginal revenue - marginal profit.
The hydrologic cycle illustrates the
a. natural process that links all water resources together b. natural movement of water from the ocean to wetlands c. link between point and nonpoint sources d. none of the above
What are two ways in which economic growth is generally measured?
What will be an ideal response?