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The Compensating Wage Differential Shows a Labor Supply Curve for a Risky

Question 49

Multiple Choice

The compensating wage differential shows a labor supply curve for a risky occupation located to the ____ of the labor supply curve for a less risky occupation. If the differential is too low, a ____ would prevail in the risky occupation.


A) Left; surplus
B) Right; surplus
C) Left; shortage
D) Right; shortage
E) Left; price ceiling

Correct Answer:

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