If All Workers Like Nice Working Conditions and Labor Markets

question 7

Multiple Choice

If all workers like nice working conditions and labor markets are competitive (such that workers are mobile and fully informed) , then in equilibrium

• A) no worker will be in job that does not have nice working conditions.
• B) workers will prefer to work in jobs with nice working conditions.
• C) workers will prefer to work in jobs without nice working conditions.
• D) workers will be indifferent between jobs with and without nice working conditions.

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Definitions:

Mixed Numbers

Numbers consisting of an integer and a proper fraction, representing sums of whole numbers and fractions.

Improper Fractions

Fractions where the numerator is greater than or equal to the denominator, representing a value of one or more.

Lowest Terms

The simplest form of a fraction, where the numerator and the denominator are reduced to their smallest whole numbers.

Quarts

A unit of volume in the U.S. customary and the British imperial systems, equal to a quarter of a gallon, or approximately 0.946 liters.