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Author Question: Suppose an island economy has only two labour markets- fishing (high skill) and farming (low skill). ... (Read 139 times)

Tb12162018

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on: Oct 12, 2022

Suppose an island economy has only two labour markets- fishing (high skill) and farming (low skill). There are 1000 males and 1000 females in the labour force. There is an equal distribution of skilled and non-skilled workers among each sex.



FIGURE 14-1

Refer to Figure 14-1. The two labour markets are each in a ________ equilibrium at point E. The wage differential between the industries is a(n) ________ wage differential.


◦ non-competitive; discriminatory
◦ competitive; equilibrium
◦ competitive; discriminatory
◦ non-competitive; temporary
◦ competitive; temporary
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Tb12162018 on Oct 12, 2022

saly

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Tb12162018

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

lcapri7

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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