In the insider-outsider theory:
A. outsiders are workers who retain employment during recession.
B. insiders are managers who have more information about their firm's performance than
outsiders.
C. insiders are "principals" and outsiders are "agents."
D. outsiders are laid-off workers and other qualified unemployed workers.
D. outsiders are laid-off workers and other qualified unemployed workers.
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There are _______ family farms today than at any previous time in the United States' history.
A. more B. fewer C. about the same number of
Monopolistic competition differs from monopoly because in monopolistic competition
A) firms maximize profits. B) firms set marginal revenue equal to marginal cost to maximize profit. C) firms are free to enter and exit. D) All of the above are differences between monopoly and monopolistically competitive firms.
A transfer of money from a NOW account to a money market fund causes
a. M1 to fall. b. M2 to rise. c. M3 to rise. d. both M1 to fall and M2 to rise.
The income level below which families are said to be poor is known as the
a. income maintenance threshold. b. poverty line. c. bottom quintile of the income distribution. d. minimum wage.