Multiple Choice
refer to the diagram below, which represents a local labor market consisting of two submarkets. All workers are assumed to be identical.
-Suppose that the wage in B is higher because workers perceive disutility of $2 associated with this job relative to A.Assuming that information is perfect and mobility between jobs is costless,we can conclude that:
A) the wage differential between jobs A and B is an equilibrium differential
B) workers will flow from job A to job B
C) workers will flow from job B to job A
D) the demand for labor in B will fall and the demand for labor in A will rise
Correct Answer:
Verified
Correct Answer:
Verified
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