Refer to the Diagram Below, Which Represents a Local Labor

question 17

Multiple Choice

refer to the diagram below, which represents a local labor market consisting of two submarkets. All workers are assumed to be identical.





-Assume that information is perfect,mobility between jobs is costless,and that all nonwage aspects of the two are identical.The outcome shown in the diagram:

• A)represents an equilibrium
• B)does not represent an equilibrium.The demand for labor in market A will shift rightward,and that in market B will shift leftward until wage rates equalize
• C)does not represent an equilibrium.The supply of labor in market A will shift leftward,and that in market B will shift rightward until the wage rates equalize
• D)does not represent an equilibrium.The supply of labor in market B will shift leftward,and that in market A will shift rightward until the wage rates equalize

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Definitions:

External Ear

Portion of the ear that includes the auricle and external acoustic meatus; terminates at the eardrum.

Depth Perception

Ability to distinguish between near and far objects and to judge their distance.

Pupillary Dilation

The enlargement of the pupil, controlled by the muscular iris, in response to low light conditions or other factors.

Vitamin D

A fat-soluble vitamin essential for maintaining normal calcium metabolism and bone health.