Suppose the Competitive Labor Market for Plumbers Is in Equilibrium

question 68

Multiple Choice

Suppose the competitive labor market for plumbers is in equilibrium.Which of the following might decrease the wage for plumbers?

• A)An economic boom increases the demand for new homes.
• B)The plumbers union creates a rigorous certification test that is difficult for aspiring plumbers to pass.
• C)Unemployed manufacturing workers attend technical schools to learn the plumbing trade.
• D)A minimum wage is imposed in the market for plumbers.

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Definitions:

Centromere

The region of a chromosome where the two sister chromatids are joined, crucial for chromosomal movement during cell division.

Spindle Microtubules

Protein fibers that form a spindle apparatus during cell division, playing a key role in chromosome movement and segregation.

Oncogene

A gene that has the potential to cause cancer, usually by being mutated or expressed at high levels.