In Some Remote Communities, There Was Only One Employer in the Local

question 64

Multiple Choice

In some remote communities, there was only one employer in the local labor market several years ago, but the number of firms that hired workers in the market increased over time. What is the expected change in the local labor market as the number of employers increased (ceteris paribus) ?

• A) Wages and employment increase.
• B) Wages remain the same but employment increases.
• C) Wages increase but employment remains the same.
• D) Wages and employment decline.

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Definitions:

pH

A scale used to specify the acidity or basicity of an aqueous solution, with values ranging from 0 (very acidic) to 14 (very basic).

HA

Often used as an abbreviation for Hyaluronic Acid, a substance found in the human body known for its benefits in skincare and joint health.

K

The symbol for Potassium, a chemical element with atomic number 19, known for its high reactivity and vital role in biological functions.

pH

A logarithmic scale used to specify the acidity or basicity of an aqueous solution, ranging from 0 to 14.