Which of the Following Assumptions Is Made While Determining Equilibrium

question 18

Multiple Choice

Which of the following assumptions is made while determining equilibrium wage and labor employed in the economy?

• A)Information about job vacancies is difficult to obtain for workers.
• B)Mobility of workers is limited, i.e., workers can not switch jobs easily.
• C)Jobs vary widely in scope and responsibilities.
• D)All person-hours of labor are treated as identical.

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