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Which of the Following Is NOT Consistent with the Neoclassical

Question 15

Multiple Choice

Which of the following is NOT consistent with the neoclassical labor-market theory?


A) a relatively free and open market exists in which individuals compete for position
B) position in the market depends heavily on the individual efforts and human capital
C) wages depend on the power of a given position
D) there are automatic mechanisms that correct imbalances between input and rewards

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