Which of the following assumptions is made while determining equilibrium wage an

Question

Which of the following assumptions is made while determining equilibrium wage and labor employed in the economy?Answer Information about job vacancies is difficult to obtain for workers. Mobility of workers is limited, i.e., workers can not switch jobs easily. Jobs vary widely in scope and responsibilities. All person-hours of labor are treated as identical. Information about job vacancies is difficult to obtain for workers. Mobility of workers is limited, i.e., workers can not switch jobs easily. Jobs vary widely in scope and responsibilities. All person-hours of labor are treated as identical. Information about job vacancies is difficult to obtain for workers. Mobility of workers is limited, i.e., workers can not switch jobs easily. Jobs vary widely in scope and responsibilities. All person-hours of labor are treated as identical.

Explanation / Answer

Mobility of workers is limited, i.e., workers can not switch jobs easil

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