Multiple Choice
Suppose that all the necessary conditions exist for the realization of equal wage rates in every labor market, but that currently the wage rate in market X is higher than the wage rate in market Y. We expect that eventually the wage rate
A) in market X will increase more.
B) in market Y will decrease.
C) in market X will decrease and the wage rate in market Y will increase.
D) will not change in either market, because something out of the ordinary must have caused the wage rates in the two markets not to be equal.
Correct Answer:
Verified
Correct Answer:
Verified
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