In a situation of excess supply in the labor market, there are:
a. many applicants for every job opening; employers will have an incentive to offer lower wages than they otherwise would have.
b. few applicants for every job opening; employers will have an incentive to offer lower wages than they otherwise would have.
c. many applicants for every job opening; employers will have an incentive to offer higher wages than they otherwise would have.
d. few applicants for every job opening; employers will have an incentive to offer higher wages than they otherwise would have.
a. many applicants for every job opening; employers will have an incentive to offer lower wages than they otherwise would have.
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Nations such as Egypt and Turkey may have wide differences between GNP and GDP because both the countries
A) have a high level of imports and exports relative to GNP. B) have a large portion of their GNP produced by multinational corporations. C) have a large number of citizens working abroad. D) purchase large amounts of military wares from other countries.
Economists agree that if a monetary policy rule is to be used, the best one makes the growth rate of the money supply constant
a. True b. False Indicate whether the statement is true or false
An oligopolist must be very sensitive to its rivals because
A. there are so many that their actions are unpredictable. B. the government doesn't regulate oligopolists when it comes to colluding on prices and quantities. C. there are so few that their behavior may well have consequences for the firm. D. oligopolists try not to use non-price competition since it seems to be unfair to the consumer.
Health care costs have been rising due to
A) an aging population. B) new technologies. C) third-party financing. D) All of the above are correct.