Wage rigidity:
A、forces labor demand to equal labor supply.
B、is caused by sectoral shifts.
C、prevents labor demand and labor supply from reaching the equilibrium level.
D、increases the rate of job finding.
A、forces labor demand to equal labor supply.
B、is caused by sectoral shifts.
C、prevents labor demand and labor supply from reaching the equilibrium level.
D、increases the rate of job finding.
A、a. inelastic.
B、b. elastic.
C、c. unit elastic.
D、d. quite sensitive to change in price.
A、oceangoing
B、oceanic
C、maritime
D、marine
A、Tim is looking for a job with flexible hours but has not been offered one yet.
B、Vickie lost her job as a graphic artist at a movie studio because she did not have training in computer-generated animation.
C、Kirby is seeking a job as an airline pilot, but the high union wages in the industry have limited the number of jobs available.
D、Fatima lost her job at a packing plant but has not looked very intensively for a new job because she still has 2 months of unemployment insurance benefits left.
A、is usually about 75 percent of the average wage earned in manufacturing.
B、raises the wages of highly skilled workers.
C、encourages master workers to take on apprentices.
D、has its greatest impact on teenage unemployment.
A、frictional
B、structural
C、minimum-wage
D、insider
A、this practice increases the problem of moral hazard.
B、in wealthy countries, it is important to pay workers high wages to improve their health.
C、the more a firm pays its workers, the greater their incentive to stay with the firm.
D、paying high wages promotes adverse selection.
A、productivity
B、turnover
C、unionization
D、shirking
A、reduce labor turnover.
B、improve the quality of the firm's labor force.
C、increase worker effort.
D、reduce the firm's wage bill.
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