Which of the following statements is correct? a. Most adults in the US are forced to sell their labor power, for a wage or salary, because they have no other means of earning a living. b. Employers are normally in a more powerful position, than workers, when bargaining over wages. c. The employer’s power decreases as unemployment increases. d. All of the above are correct. e. Both a and b are correct. f. Both a and c are correct. g. Both b and c are correct. h. None of the above is correct.

Which of the following statements is correct? a. Most adults in the US are forced to sell their labor power, for a wage or salary, because they have no other means of earning a living. b. Employers are normally in a more powerful position, than workers, when bargaining over wages. c. The employer’s power decreases as unemployment increases. d. All of the above are correct. e. Both a and b are correct. f. Both a and c are correct. g. Both b and c are correct. h. None of the above is correct.

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter13: Factor Markets: With Emphasis On The Labor Market

Section: Chapter Questions

Problem 8QP

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