Which of the Following Conditions Is Not Necessary for Wage

question 38

Multiple Choice

Which of the following conditions is not necessary for wage rates to be identical in every labor market in both the short run and the long run?

• A)Demand for labor is identical in each market.
• B)Nonpecuniary factors in each job are the same.
• C)All labor is homogeneous.
• D)All labor has zero costs of mobility.
• E)All of the above are necessary conditions.

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Definitions:

Variation

The measure of dispersion within a data set, indicating how much individual data points differ from the mean.

Sunlight

Natural light emitted by the sun, crucial for plant photosynthesis and providing warmth and visibility for humans.

Roses

Flowering plants notable for their fragrant blooms, consisting of many species and cultivated in a variety of colors.

Straight Enough

A colloquial term often requiring context for accurate definition; in general, it refers to something meeting a satisfactory standard of straightness.