One explanation for the existence of wage differentials in the long run is that
a. not every job is equally appealing to all workers
b. all labor markets are perfectly competitive
c. workers are equally able to perform every job
d. the number of workers varies by market
e. population trends influence the demand for labor
A
Economics
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Nathan drinks three cups of coffee per day. The marginal benefit that he enjoys from drinking the third cup is
A) less than the marginal benefit that he receives from drinking the second cu
Economics
Between 1860 and 1910, the labor force in agriculture
(a) dwindled to historic lows. (b) decreased at a slow steady pace. (c) increased but not at the same rate as the total labor force. (d) stayed the same.
Economics