The most appropriate description of labor market equilibrium under compensating differential is that safe firms are matched with risk-loving workers, and risky firms are matched with safety- loving workers. safe firms are matched with safety-loving workers, and risky firms are matched with worker who have less of a preference for safe jobs. workers and firms are randomly matched despite their preferences and technologies. all firms pay to offer safe firms so that all workers must accept a safe job.

The most appropriate description of labor market equilibrium under compensating differential is that safe firms are matched with risk-loving workers, and risky firms are matched with safety- loving workers. safe firms are matched with safety-loving workers, and risky firms are matched with worker who have less of a preference for safe jobs. workers and firms are randomly matched despite their preferences and technologies. all firms pay to offer safe firms so that all workers must accept a safe job.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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