Which of the Following Is True About the Equilibrium Market

question 14

Multiple Choice

Which of the following is true about the equilibrium market wage? A.All workers are satisfied with the wage.

• A)All employers are satisfied with the wage.
• B)There is no unemployment in the market at the equilibrium wage.
• C)Competitive employers have market power with respect to the equilibrium wage.
• D)All workers are satisfied with the wage.

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Definitions:

Subrogation

The legal right for an insurer to pursue a third party that caused an insurance loss to the insured.

Subscription

A payment for a service or product that is provided over a period of time, typically regularly (such as monthly or annually).

Watered Stocks

Shares of a company that have been issued at a price far greater than the asset value of the company, leading to an inflation of the company's market value without an increase in actual capital.

Fair Market Value

The price a willing, informed, and not under pressure buyer would pay to a willing, informed, and not under pressure seller in the market.