Which of the Following Is a True Statement About Competitive

question 22

Multiple Choice

Which of the following is a true statement about competitive labor markets?

• A) Fringe benefits will never arise in a competitive labor market.
• B) Workers of the same skill level will earn different prices.
• C) Payroll taxes are levied on employees.
• D) Adjustments along the intensive margin arise when firms enter the market.
• E) In a competitive labor market,all participants are price takers.

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Definitions:

Intense

Describes a state or emotion that is deeply felt or extreme in nature, often implying a high degree of emotional, physical, or activity-related fervor.

Irrational Fear

A fear lacking a logical or reasonable basis, often disproportionate to the actual danger posed by the object or situation.

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about various aspects of life.

GABA

Gamma-Aminobutyric Acid, a neurotransmitter in the brain that inhibits many of the activities of the central nervous system.