Multiple Choice
Other things constant, when the work opportunities in an occupation are unstable (that is, layoffs are common) , the hourly wages of workers in the occupation will tend to be
A) higher than the wages of workers with otherwise similar jobs.
B) lower than the wages of workers with otherwise similar jobs.
C) below market equilibrium.
D) above market equilibrium.
Correct Answer:
Verified
Correct Answer:
Verified
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