Multiple Choice
Suppose the market wage of nurses is raised from $14 an hour to $18 an hour because of a comparable-worth program,which aims to equalize the wages earned by men and women for similar jobs.Which of the following would result from this policy?
A) There would be a surplus of nurses only if the demand for nurses is inelastic.
B) There would be a shortage of nurses.
C) There would be a surplus of nurses.
D) There would be a shortage of nurses only if the demand for nurses is inelastic.
Correct Answer:
Verified
Correct Answer:
Verified
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