Wage rates tend to change with national rather than with, Ask an Expert

Economics

Wage rates tend to change with national rather than with industry productivity because:

a. the minimum wage and other government controls prevent industry wage differentials

b. productivity differences result in product price differences, leaving real wages unchanged

c. labor supply responses tend to prevent wages from diverging in the various industries

d. labor demand responses tend to prevent wages from diverging in the various industries

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91675907

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