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MMLU / A competitive labor market is currently in equilibrium. Which of the following…

Problem

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question

A competitive labor market is currently in equilibrium. Which of the following most likely increases the market wage?

choices

  1. More students graduate with the necessary skills for this labor market.
  2. Demand for the good produced by this labor is stronger.
  3. The price of a complementary resource increases.
  4. The Department of Labor removes the need for workers to pass an exam before they can work in this field.

subject

high_school_microeconomics

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