Asked by
Hilmi Roihan Anwar
on Nov 16, 2024Verified
Job A is hard, dull, and dangerous. Job B is easy, fun, and safe. All else equal, we would expect Job A to pay
A) higher wages than Job B because the labor supplied for Job B will be greater.
B) lower wages than Job B because the labor supplied for Job B will be greater.
C) higher wages than Job B because the labor supplied for Job A will be greater.
D) lower wages than Job B because the labor supplied for Job A will be greater.
Labor Supplied
The sum of hours employees are ready and available to work for a specified pay rate.
- Understand the significance of compensating differentials in the labor market dynamics.
Verified Answer
AA
Learning Objectives
- Understand the significance of compensating differentials in the labor market dynamics.