If Wages for a Certain Type of Labor Were Higher

question 51

Multiple Choice

If wages for a certain type of labor were higher in one market than in another,then

• A) the differential would exist into the long run.
• B) labor would move from the high wage market to the low wage market until wages were equal.
• C) labor would move from the low wage market to the high wage market until wages were equal.
• D) firms would not be acting as profit maximizers.

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Definitions:

Negative Attitude

A predisposition or a tendency to assess people, situations, or objects in an adverse or unfavorable manner.

Age Group

A classification of people based on their age, often used for demographic, sociological, and marketing analysis to understand various needs and behaviors.

Ageism

Prejudice or discrimination against individuals based on their age, typically against older adults.

Technological Skills

Abilities and expertise in specific areas related to the use, understanding, and development of tools, machines, techniques, and systems.