Fill in the blanks to make the following statements correct. a. If all workers were identical, all
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a. If all workers were identical, all jobs had identical working conditions, and labour markets were perfectly competitive, then all wages would be _______.
b. In reality there is wide variation in wages. Four reasons for wage differentials are _______, _______, _______, and _______.
c. A country that invests in its public education and public health systems is improving the _______ of its population.
d. If there are two groups of workers in a competitive labour market, and one group becomes discriminated against, the labour supply curve for jobs that remain available for that group will shift to the _______ and the wages for these jobs will _______.
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Related Book For
Microeconomics
ISBN: 978-0321866349
14th canadian Edition
Authors: Christopher T.S. Ragan, Richard G Lipsey
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