For Wage Rates to Be the Same in Various Labor

question 141

Multiple Choice

For wage rates to be the same in various labor markets, four conditions must exist: (1) demand for every type of labor must be __________; (2) no special __________ aspects to any job; (3) all labor is ultimately __________ and can __________ be trained for different types of employment; and (4) all labor is mobile at __________.

• A)heterogeneous; money; homogeneous; costlessly; minimum cost
• B)the same; nonpecuniary; homogeneous; costlessly; zero cost
• C)high; training; homogeneous; costlessly; zero cost
• D)high; nonpecuniary; heterogeneous; costlessly; minimum cost
• E)none of the above

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