The market reliably allocates workers among jobs based on their attitudes toward risk, placing workers more willing to bear risk in riskier jobs
Indicate whether the statement is true or false
F While potentially true, the allocation of the market according to riskiness may not succeed, either because the market does not offer information about job riskiness to a worker or does not offer enough jobs to give a worker a choice, so it doe not serve reliably.
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Employees of brokerage firms that rely on forecasting future profits of firms in order to forecast future stock prices are called
A) rational analysts B) adaptive analysts C) technical analysts D) fundamental analysts
Which of the following shocks is most likely to cause an expansion?
a. An upward spike in oil prices. b. An increase in autonomous consumption spending. c. A significant decline in business equipment spending. d. A sudden increase in the interest rate. e. A significant decline in exports.
In Figure 45.5, where one union is bargaining against one employer, the wage paid to workers will be Figure 45.5
A. W2. B. W1. C. W*. D. an undetermined point between W1 and W2.
If the government removes a tax on a good, then the quantity of the good sold will
a. increase. b. decrease. c. not change. d. All of the above are possible.