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20 October, 06:43

Suppose that society restricted the economic opportunities of right-handed persons to jobs in constructing houses, while left-handed persons could work any type of construction job. Would wages for constructing houses be higher or lower than wages for other jobs? a. Wages would be higher in housing construction jobs. o b. Wages would be lower in housing construction jobs. O c. Wages would be the same for any construction jobs

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  1. 20 October, 07:39
    0
    b. Wages would be lower in housing construction Jobs

    Explanation:

    Labor market is at its natural equilibrium when there is no societal restriction. Labor market is same as supply and demand market. when society restricted to right handed people to construction work, the quantity of jobs in construction will increases because right handed people are far more than left handed people hence we can assume that large number of right handed people were involved in construction work.

    Huge number of people have to leave construction. decrease in labor supply will also decreases the number (Quantity) of workers employed in market. In this situation the wage earned by each employed worker will be increase. But in housing construction the wages would be lower because of restriction on right handed people for constructing houses.
  2. 20 October, 08:39
    0
    The answer is letter B.

    Explanation:

    Wages would be lower in housing construction jobs.

    Because labor market is natural balanced when there is no societal restriction. Labor market is equal as supply and demand markets.
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