Which of the following best captures how job turnover is related to the age-earnings profile?
A. Job quits are associated with a higher profile, while layoffs are associated with a lower profile.
B. The age-earnings profile is unrelated to job turnover because anyone who quits a job or is laid off no longer earns a wage.
C. Layoffs are associated with a higher profile, while job quits are associated with a lower profile.
D. Job separations, both quits and layoffs, are associated with a higher profile.
E. Job separations, both quits and layoffs, are associated with a lower profile.
Answer: A
You might also like to view...
Which of the following factors will make it easier for a labor union to increase the wages of its members?
a. a highly inelastic demand for the products produced by the union labor b. a readily available supply of similar products produced by nonunion labor c. low tariffs and strong competition from foreign firms producing the products supplied by the union labor d. a reduction in the demand for the products produced by the union labor
A "bad choice" as defined in choice architecture is a choice that:
A. policymakers consider not optimal for society, despite individual choosers' benefits. B. policymakers want to nudge participants away from. C. is considered not optimal by the choice architect. D. is one that the chooser will regret later.
The following linear demand specification is estimated for Conlan Enterprises, a price-setting firm:Q = a + bP +cM +dPRwhere Q is the quantity demanded of the product Conlan Enterprises sells, P is the price of that product, M is income, and PR is the price of a related product. The results of the estimation are presented below: 
Assume that the income is $10,000, the price of the related good is $40, and Conlan chooses to set the price of this product at $30. At the prices and income given above, Conlan can expect to sell ________units.
A. 872 B. 864 C. 724 D. 600 E. 342
Which of the following leads to a fundamental difficulty for stabilization policy?
A. Time lags in policy decisions B. Presence of shock absorbers in the economy C. Absence of data on the effectiveness of policy measures D. Existence of self-correcting mechanism