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Author Question: Factor Incomes and Income DistributionThe graph shows the market for construction workers and the ... (Read 688 times)

eboni

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on: Nov 23, 2022
Factor Incomes and Income Distribution

The graph shows the market for construction workers and the market for secretaries.
 
Assume that P1=$244, P2=$547, P3=$881, Q1=250, Q2=345, Q3=530, Q4=85, Q5=150, and Q6=170. Suppose that construction workers are currently being paid a market equilibrium wage of $881 a week, and secretaries are being paid a market equilibrium wage of $244 a week. After comparable-worth legislation is passed, a study finds that construction workers and secretaries have comparable jobs, so employers will now be required to pay workers in both jobs $547 a week. This results in a ________ (shortage/surplus) of ________ construction workers and a ________ (shortage/surplus) of ________ secretaries.
◦ surplus, 280, shortage, 20
◦ surplus, 95, surplus,85
◦ shortage, 95, shortage, 20
◦ shortage, 280, surplus, 85
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by eboni on Nov 23, 2022

kuttz

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Reply #1 on: Nov 23, 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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eboni

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Reply 2 on: Nov 23, 2022
Excellent

bblaney

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

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