What are considered nonmarket barriers to adjustment? (check all that applies) a. minimum wage laws b. Unions requiring only their members be hired c. Costs of training new employees is too high d. Employers demanding more workers as the demand for their product increases

What are considered nonmarket barriers to adjustment? (check all that applies) a. minimum wage laws b. Unions requiring only their members be hired c. Costs of training new employees is too high d. Employers demanding more workers as the demand for their product increases

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter29: Resource Markets

Section: Chapter Questions

Problem 11E

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Question

What are considered nonmarket barriers to
adjustment? (check all that applies)
a. minimum wage laws
b. Unions requiring only their members be hired
c. Costs of training new employees is too high
d. Employers demanding more workers as the
demand for their product increases

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