Which of the following is a positive effect of job search and the unemployment that often accompanies it?
a. It keeps wages and income levels low.
b. It permits individuals to better match their skills and preferences with the requirements of a job.
c. It reduces the wage gap between high skill workers and those with few skills.
d. It creates political pressure for an increase in the minimum wage, which will reduce the rate of unemployment in the long run.
B
You might also like to view...
A diagonal straight line on a Lorenz curve represents
A) a perfectly unequal distribution of income (one person has everything). B) a perfectly equal distribution of income. C) a high level of inequality in the distribution of income. D) an oblique distribution of income.
We use percent-changes in the formula for estimating the price elasticity of demand coefficient in order to:
A. Make the coefficient's value become independent of whether price goes up or down B. Take the midpoints of P and of Q in the computation C. Eliminate the negative sign of the coefficient D. Make it irrelevant how we measure price: be it in cents, in dollars, or in thousands of dollars