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: 1

Answer

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.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.