Suppose That All the Necessary Conditions Exist for the Realization

question 42

Multiple Choice

Suppose that all the necessary conditions exist for the realization of equal wage rates in every labor market, but that currently the wage rate in market X is higher than the wage rate in market Y. We expect that eventually the wage rate

• A)in market X will increase more.
• B)in market Y will decrease.
• C)in market X will decrease and the wage rate in market Y will increase.
• D)will not change in either market, because something out of the ordinary must have caused the wage rates in the two markets not to be equal.
• E)a and b

---

Definitions:

Cyclohexanone

An organic compound characterized by a six-membered cyclic structure containing one ketone group, used as a solvent and in the synthesis of various chemicals.

Cation

A positively charged ion that is created when an atom loses one or more electrons, resulting in more protons than electrons.

Propensity

A natural inclination or tendency to behave in a particular way.

Hydrate

A compound that contains water molecules bound to another compound or within its crystal structure.