Which of the following statements about featherbedding is correct?
A. It may or may not increase the demand for labor.
B. It may or may not increase wages.
C. It forces a firm to hire more workers than it needs.
D. All of these
Answer: D
You might also like to view...
The longer is the interval between firms' price adjustments
A) the smaller the output effect of a given change in the money supply. B) the longer the interval that the horizontal new Keynesian aggregate supply curve will remain in position. C) the new Keynesian aggregate supply curve will become steeper. D) the shorter the interval the horizontal new Keynesian aggregate supply curve will remain in position.
Following the war-time prosperity for capital and the rich during World War I (1914–18), income distribution trended towards greater equality when peace came and market forces replaced the economy's wartime concerns in determining income
distribution. Indicate whether the statement is true or false
A society that is inside its production possibilities frontier is efficient.
Answer the following statement true (T) or false (F)
The law of demand holds that as prices of goods decrease, people are willing to buy more.
Answer the following statement true (T) or false (F)