Wider the more inelastic is the labor demand curve

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True, false or uncertain. State why.

1. The monetary return to an additional year of experience will be higher for workers in the primary sector of the labor market than for those in the secondary sector.

2. A union’s contract zone will be wider the more inelastic is the labor demand curve.

3. Neglecting to consider the characteristics of jobs held by union and nonunion workers will lead to an overstatement of the true impact of unions on wages.

Reference no: EM13743065

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