Assume that a comparable worth law is passed that determines that kindergarten teachers and bricklayers have comparable jobs; therefore, workers in both of these occupations should be paid the same wages
Assume that prior to the law, bricklayers were paid a higher wage than kindergarten teachers. Which of the following is the most likely result of the comparable worth law?
A) There will be surplus in the market for bricklayers and a shortage in the market for kindergarten teachers.
B) Some former bricklayers will become kindergarten teachers and some former kindergarten teachers will become bricklayers.
C) The equilibrium wage will be the same for kindergarten teachers and bricklayers.
D) There will be a shortage in the market for bricklayers and a surplus in the market for kindergarten teachers.
D
You might also like to view...
Refer to the above figure. A budget deficit occurs when real national income is
A) Y3. B) Y1. C) Y2. D) None of the above: cannot be determined given the information.
Refer to Figure 9-3. If there was no quota, how many pounds of peanuts would domestic producers supply?
A) 10 million B) 28 million C) 30 million D) 40 million