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If an Asymmetry of Information Is Removed and Laborers' Preferences

Question 20

Multiple Choice

If an asymmetry of information is removed and laborers' preferences change against employment in a labor market, it would __________ employment and __________ the wage at the equilibrium in the market.


A) increase; raise
B) increase; lower
C) decrease; raise
D) decrease; lower

Correct Answer:

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