Work rules that are designed to protect jobs and maximize employment at any level of output are thought to lower worker productivity.
Answer the following statement true (T) or false (F)
True
Work rules may limit the pace of production, restrict the type of jobs a particular individual can perform, or require a minimum number of workers to accomplish a certain task. Work rules directly restrain productivity and thus inflate costs and prices.
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How does poor health contribute to poverty? How does poverty contribute to poor health?
What will be an ideal response?
Adverse selection is a problem associated with equity and debt contracts arising from
A) the lender's relative lack of information about the borrower's potential returns and risks of his investment activities. B) the lender's inability to legally require sufficient collateral to cover a 100% loss if the borrower defaults. C) the borrower's lack of incentive to seek a loan for highly risky investments. D) the lender's inability to restrict the borrower from changing his behavior once given a loan.
The market supply curve
a. is found by vertically adding the individual supply curves. b. slopes downward. c. represents the sum of the prices that all the sellers are willing to accept for a given quantity of the good. d. represents the sum of the quantities supplied by all the sellers at each price of the good.
If the existence of health insurance increases one's incentive to use the health care system more intensively, this is an illustration of:
A. the adverse selection problem. B. the moral hazard problem. C. the benefits-received principle. D. the Coase theorem.