A decrease in the supply of labor could be caused by
A) wage rates falling in another industry.
B) better working conditions.
C) more job flexibility.
D) increased wage rates in another industry.
Answer: D
Economics
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The existence of adverse selection results in:
A) reduced market efficiency B) an increase in the likelihood of moral hazard C) increase market transactions D) higher transaction costs
Economics
Which of the following is an instance of employer prejudice that leads to wage differential?
a. Employers attempting to hire workers based on their marginal productivities b. Employers attempting to hire only male workers c. Workers attempting to work for only certain organizations d. Producers purchasing raw materials from selective suppliers e. Workers ready to work for any employer in the labor market
Economics