Which of the Following Assumptions Is Likely to Be Met

question 125

Multiple Choice

Which of the following assumptions is likely to be met in the real world?

• A)Demand for labor is identical in every labor market.
• B)Nonpecuniary factors in each job are not the same.
• C)All labor is homogeneous.
• D)All labor has zero costs of mobility.

---

Definitions:

Treaties

Formal agreements between countries that define and modify their mutual duties and obligations.

Panama

A country in Central America, located at the junction of North and South America, known for the Panama Canal which connects the Atlantic and Pacific Oceans.

Stagflation

An economic condition characterized by slow economic growth and high unemployment coupled with high inflation.

Economic Stagnation

A prolonged period of little or no growth in the economy, characterized by high unemployment, stagnant wages, and low levels of investment and consumer spending.