Multiple Choice
Suppose the competitive labor market for plumbers is in equilibrium.Which of the following might decrease the wage for plumbers?
A) An economic boom increases the demand for new homes.
B) The plumbers union creates a rigorous certification test that is difficult for aspiring plumbers to pass.
C) Unemployed manufacturing workers attend technical schools to learn the plumbing trade.
D) A minimum wage is imposed in the market for plumbers.
Correct Answer:
Verified
Correct Answer:
Verified
Q63: (Table: Value of the Marginal Product of
Q64: Assume that perfect competition exists in output
Q65: The opportunity cost of an extra hour
Q66: Liyun owns a small flower shop and
Q67: When a person receives more education, this
Q70: Figure: The Demand for Bricklayers <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1063/.jpg"
Q71: Which of the following statements is true?<br>A)If
Q72: Phil's Copy Studio pays its workers $60
Q73: The clearest sign of discrimination against an
Q305: If a person's marginal utility from an