5 Which statement is true? a. The supply of workers in a less risky occupation is...

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5 Which statement is true?

a. The supply of workers in a less risky occupation is less than the supply of workers in a risky occupation.

b. The supply of workers in a less risky occupation is greater than the supply of workers in a risky occupation.

c. Firms will employ more people or hire people to work more hours as the wage rate increases.

d. Equilibrium-compensating wage differentials attract more workers from the less risky occupations to the risky ones.

e. The lower the hourly wage, the more hours that people are willing and able to work.

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Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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