Multiple Choice
Which of the following is a market imperfection that might explain persistent wage differentials within an occupation?
A) movement of labor from lower-wage to higher-wage jobs
B) readily available information about job opportunities and pay
C) principal-agent problems
D) discrimination
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q14: In monopsony situations, a minimum wage might
Q52: Suppose Steve Stone takes a job with
Q53: Which of the following is illegal under
Q55: Many economists are critical of the minimum
Q57: Suppose two workers can harvest $46 worth
Q58: A firm that is hiring labor in
Q59: The individual firm in a purely competitive
Q61: The labor supply curve facing a purely
Q80: One clear effect of labor unions is
Q88: Education is a form of human capital,