Labor Resources
What will be an ideal response?
'Human' capital, workers
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In the long run which of the following is true?
A) There are no fixed costs. B) The size of a firm's physical plant can be changed but the firm cannot adopt new technology. C) The firm can vary its explicit costs but not its implicit costs. D) Total cost = fixed cost + variable cost.
If the demand curve is very inelastic and the supply curve is very elastic in a market, then the sellers will bear a greater burden of a tax imposed on the market, even if the tax is imposed on the buyers
a. True b. False Indicate whether the statement is true or false
Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
The following is NOT an example of a potential monitoring solution to moral hazard
a. blocking social network sites on company computers b. rejecting a job candidate that fails to show up at the allotted interview time c. GPS tracking devices in repair trucks d. listening in on call center conversations