In an Economy in Which Labor Is Mobile and Homogeneous

question 47

Multiple Choice

In an economy in which labor is mobile and homogeneous, the wages between industries will be:

• A) equal.
• B) very unequal.
• C) less in the export industry.
• D) unequal because in some firms the management is fairer to its workers.

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Definitions:

High-Relationship

characterized by or indicating a significant, often emotional, connection or interaction between individuals or entities.

Leadership Style

The manner and approach of providing direction, implementing plans, and motivating people by a leader.

High-Task

Activities or jobs that require a significant level of effort, skill, or complexity.

High-Relationship

A term indicating a high degree of personal connection and trust between individuals in a professional or personal context.