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Author Question: When economists assume perfect markets for labour they are NOT assuming (Read 419 times)

panfilo

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Question 1

When economists assume perfect markets for labour they are NOT assuming
◦ freedom of entry into all labour markets.
◦ workers and employers are price-takers.
◦ a minimum wage.
◦ workers are all alike.

Question 2

When economists assume perfect markets for labour they are NOT assuming
◦ freedom of entry into all labour markets.
◦ perfect knowledge by workers and employers.
◦ rational behaviour by workers and employers.
◦ equity.


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Marked as best answer by panfilo on May 25, 2020

chjcharjto14

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