Question

When Joe, who is among the highest-paid workers in a field in which there are numerous job openings across the nation, recently became unemployed, his opportunity cost of job search is

A) average, so the length of his period of unemployment is likely to be long.

B) relatively high, so the length of his period of unemployment is likely to be short.

C) relatively low, so the length of his period of unemployment is likely to be long.

D) relatively high, so the length of his period of unemployment is likely to be long.

Answer

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