Multiple Choice
Occupations X and Y employ persons with the same productivity. Workers in the two occupations work the same number of hours per day when on the job. Employment is stable throughout the year in X, while Y is characterized by seasonal layoffs. How will the hourly wage rate and annual earnings compare in the two occupations?
A) The hourly wage rate will be higher in X, but the annual earnings will be higher for Y.
B) Both the hourly wage rate and annual earnings will be higher in X.
C) Both the hourly wage rate and annual earnings will be higher in Y.
D) The hourly wage rate will be higher in Y, but the annual earnings will likely be higher for X.
Correct Answer:
Verified
Correct Answer:
Verified
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