In a Perfectly Competitive Labour Market,all Workers Would Earn the Same

question 94

Multiple Choice

In a perfectly competitive labour market,all workers would earn the same wage if

• A)workers' education and experience were identical.
• B)the world was fair.
• C)regional variables mattered.
• D)all jobs had the same working conditions.
• E)jobs and workers were identical in every way.

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Definitions:

Economic Gains

Increases in wealth, value, or the accumulation of resources beyond the original investment or cost.

Communism

A political and economic ideology advocating for a classless society in which property and the means of production are communally owned.