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Economics economics What is the long-run effect of the shock on the relative wages in the two types of jobs? m It is common to

Economics economics

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What is the long-run effect of the shock on the relative wages in the two types of jobs? m It is common to hear comments like "Why do baseball players earn millions of dollars a year for their negligible contribution to society while major contributors-such as schoolteachers, police officers, firefighters, and ambulance drivers-earn barely enough to survive?" Can you offer an answer based on what was discussed in efficiency of factor markets

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