Multiple Choice
Which of the following is true of wage differentials between different occupations in equilibrium?
A) Wages cannot differ across occupations if there is free mobility of labor.
B) Wages can differ across occupations due to differences in training,abilities,and preferences.
C) Wages can differ across occupations depending on the size of the labor force in the economy.
D) Wages cannot differ across occupations if there are equal opportunity employment laws.
Correct Answer:
Verified
Correct Answer:
Verified
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