Suppose the Following Conditions Existed in the Canadian Labour Market

question 28

Multiple Choice

Suppose the following conditions existed in the Canadian labour market:
1) All labour is mobile and possesses the same skills.
2) Non- monetary advantages are the same across industries and occupations.
3) The demand conditions for labour are the same across industries. In this situation, we expect wage rates to

• A) differ because of the desirability of the location of the job.
• B) be the same in all industries.
• C) be the same in most industries.
• D) have equilibrium differentials.
• E) be higher in some industries than in others.

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Definitions:

Predetermined Time Standards

Time values assigned to specific tasks based on prior analysis, often used in manufacturing and work measurement to establish time expectations.

Government Laws

Regulations and legal requirements established by local, state, and federal governments that businesses must comply with.

Reliable And Accurate

Describes information, processes, or systems that consistently produce the intended results and are free from errors.

Method Time Measurement

A work measurement technique used for analyzing the time necessary to perform a task, focusing mainly on the time it takes for each component or sequence in the process.