Economics: Principles, Problems, and Policies, 19th Edition

Published by McGraw-Hill Education
ISBN 10: 0073511447
ISBN 13: 978-0-07351-144-3

Chapter 13 - Wage Determination - Quick Quiz for Figure 13.3 - Page 270: 1


D. Higher wages are needed to attract workers away from other labor markets, household activities, and leisure.

Work Step by Step

If more workers are needed, higher wages are required to attract them because of increasing opportunity costs.
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