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wrote...
Posts: 146
2 months ago

Question 1.

Painters who paint water towers earn higher wages relative to painters who paint houses because

• the demand for tower painters is greater than the demand for residential painters.

• painting water towers is more risky than painting houses.

• the tower painters' union is probably more powerful than the house painters' union.

• the supply of water tower painters exceeds the supply of house painters.

Question 2.

Wage differentials between occupations can be explained by all of the following except

• the fact that some occupations require higher levels of human capital than others.

• the fact that some occupations are more desirable than others.

• the market power of different employers.

• the relative differences between demand and supply in various occupations.
Source  Download
Microeconomics
Edition: 7th
Authors:
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Answer verified by a subject expert
wrote...
Posts: 201
2 months ago
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Answer 1

painting water towers is more risky than painting houses.

Answer 2

the market power of different employers.
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