The figures given below show the demand (Djand supply (5) curves of labor in two

Question

The figures given below show the demand (Djand supply (5) curves of labor in two different markets. Figure 16.3 Market A Market B Wage Rate Wage Rate 18 - 18 12 01 Quantity (Hours) Quantity (Hours) Which of the following is a reason for the wage differential shown in Figure 16.3? -A working conditions offered by the firms in Market B are uncongenial. B. The workers in Market B are more productive than the workers in Market A. .C. Market A represents the market for a risky occupation, Click Save and Submit to save and submit Click Save All Answers to save all answer .

Explanation / Answer

1. Correct option: (c) Market A represents market for a risky situation

Reason: This is because Market A has high wage rate offered than Market B, which represents extra compensation for unfavourable or risky job situation.

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