13. There are two sources of imperfect competition in labor markets. These are:

a. demand-side sources, that is labor market power by employers

b. supply-side sources: labor market power by employees

c. both of the above

d. none of the above

Booster class

Microeconomics

Skill

Understanding the Labor Markets

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Raushan RajLv8

31 Oct 2020

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Related questions

15. Markets have many ways to deal with imperfect information. These include:

a. In goods markets, buyers facing imperfect information about products may depend upon money-back guarantees, warranties, service contracts, and reputation.

b. In labor markets, employers facing imperfect information about potential employees may turn to resumes, recommendations, occupational licenses for certain jobs, and employment for trial periods.

c. In capital markets, lenders facing imperfect information about borrowers may require detailed loan applications and credit checks, cosigners, and collateral.

d. all of these

Market power and externalities are examples of:

a. imperfect information

b. government interventions

c. market failures

d. None of the above

browngrasshopper198

QUESTION 15

Economic theory predicts that relatively highly skilled individuals are more likely to emigrate to the U.S. from counties in which the distribution of income is ________ the U.S. income distribution.

	A.	more equal than
	B.	less equal than
	C.	equivalent to

2 points

QUESTION 16

An increase in immigration:

	A.	raises labor demand in most markets.
	B.	raises labor supply in the markets in which immigrants work.
	C.	Both of the above are correct.
	D.	None of the above is correct.

2 points

QUESTION 17

Immigration will cause wages in a given labor market to increase if:

	A.	labor demand rises by more than labor supply.
	B.	labor supply rises by more than labor demand.
	C.	labor demand rises by less than labor supply declines.
	D.	None of the above is correct.