Assuming Workers and Jobs Are Identical,if Information Is Perfect and Job

question 9

Multiple Choice

Assuming workers and jobs are identical,if information is perfect and job search and migration are costless,then:

• A)labor may or may not flow among employers
• B)labor will flow among employers until all wages are equal
• C)labor will flow among employers until all economic profits are zero,but wages may be unequal
• D)all firms will hire the same number of workers in equilibrium and pay them all the same wage

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Definitions:

Psychologist

A professional specialized in the study of the mind and behavior, who conducts research and provides assessments, diagnosis, and treatment for mental disorders.

Lying

The act of deliberately making a false statement with the intention of deceiving others, which can have various psychological, social, and ethical implications.

MMPI Items

Items on the Minnesota Multiphasic Personality Inventory, a psychological assessment that evaluates personality traits and psychopathology.

Psychologist

A specialist in psychology, the discipline concerned with the study and understanding of mind and behavior.