Asked by

Diandra Denise
on Dec 12, 2024

verifed

Verified

The earnings of all employees in a competitive economy would be equal if

A) all individuals were homogeneous.
B) all jobs were equally attractive.
C) workers were perfectly mobile among jobs.
D) all of the above are true.

Competitive Economy

An economic system in which businesses and individuals freely compete for consumers' money with minimal government intervention, leading to innovation and efficient market outcomes.

Homogeneous

Describes a substance or mixture that has a uniform composition and properties throughout.

Attractive Jobs

Employment positions deemed desirable due to factors like high pay, job security, career growth opportunities, and positive work-life balance.

  • Understand the factors leading to wage equality in a competitive economy.
verifed

Verified Answer

IB
INDIA BANKS-BRAYDec 12, 2024
Final Answer:
Get Full Answer