Which of the following is an example of a labor market that is free of barriers

Question

Which of the following is an example of a labor market that is free of barriers to entry and exit?


a) John knows he will not be able to get the training needed to move into the high-paying computer job, so he stays in his current job.
b) There is a shortage of workers in the rural area, so a company moves its business to the city, where there are workers.
c) Karen is under contract and cannot switch jobs for the next five years.
d) A company thinks that it would be able to earn more profits if it moved to the west coast, but because the costs of moving are so great, it doesn't.

Explanation / Answer

b) There is a shortage of workers in the rural area, so a company moves its business to the city, where there are workers.

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