5 Which statement is true? a. The supply of workers in a less risky occupation is...
Question:
5 Which statement is true?
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a. The supply of workers in a less risky occupation is less than the supply of workers in a risky occupation.
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b. The supply of workers in a less risky occupation is greater than the supply of workers in a risky occupation.
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c. Firms will employ more people or hire people to work more hours as the wage rate increases.
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d. Equilibrium-compensating wage differentials attract more workers from the less risky occupations to the risky ones.
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e. The lower the hourly wage, the more hours that people are willing and able to work.
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