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

question 1

Multiple Choice

Assuming workers and jobs are identical,if information is perfect but job search and migration are costly,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:

Bypassing

Confusion caused by the fact that the same word can mean different things to different people.

Polarization

Description and evaluation of what you observe in terms of extremes such as good or bad, old or new, beautiful or ugly.

Vagueness

A lack of clearness or distinctness in description, expression, or detail.

Denotative Meanings

The explicit or direct meanings of words or phrases in contrast to their connotative or associated meanings.