If carpentry positions A and B required identical skill levels, other things constant, which one of the following would most likely elevate the wage rate of position A relative to position B?
a. Position A offers steady employment, whereas employees holding position B are often laid off.
b. Position A offers more sick leave and more paid holidays.
c. The work place of position A is in the intense heat of the sun, whereas the work place of B is air-conditioned.
d. Position A is a safe office job; position B requires the employee to operate a dangerous saw.
c. The work place of position A is in the intense heat of the sun, whereas the work place of B is air-conditioned.
You might also like to view...
Adam Smith's ________ refers to the process by which individuals acting in their own self-interest bring about a market outcome that benefits society as a whole
A) survival of the fittest theory B) invisible hand C) Utopian society D) comparative advantage model
How do labor-saving technologies differ from labor-complementary technologies? Give an example of each
What will be an ideal response?
Which of the following assumptions is found in Friedman's model but not in the new classical model?
A) Supply of labor depends on expected real wage. B) Workers gradually adapt their expectations of the price level to the actual price level. C) imperfect information D) market-clearing labor market
Market forces encourage discrimination in the case of
a. statistical discrimination only b. employee and customer prejudice only c. employer prejudice only d. statistical discrimination and employee or customer prejudice e. employer prejudice and statistical discrimination