If the demand for hamburgers increases, it is likely that the demand for fast-food employees will
A. increase.
B. decrease.
C. increase at first but then fall rapidly.
D. stay the same.
Answer: A
You might also like to view...
A profit maximizing price taker will produce at a level where
a. the wage equals the marginal product of labor. b. the marginal revenue product of labor equals the price of their output. c. the wage rate equals the price of their output. d. the marginal revenue product of labor equals the wage rate.
Interest payments on the national debt are not a problem because we owe all of it to ourselves
Indicate whether the statement is true or false
The long-run average total cost (LRATC) curve
a. indicates the per-unit cost of producing various rates of output with a specific size of plant but variable levels of labor and technology. b. indicates the minimum per-unit cost that can be achieved at various output rates when the firm is free to choose among plant sizes. c. will be falling when diseconomies of scale are present and rising when economies of scale are present. d. is a U-shaped curve. e. is both a and d above.
Which one of the following statements regarding job turnover in the U.S. labor market is false?
A. Workers who have a lot of seniority are likely to switch to a different firm when their wage-age profile begins to flatten out. B. The quit rate is higher than the layoff rate for both young and old workers when they are in the first few years on a job. C. The overall separation rate is much higher for younger workers than older workers. D. The overall separation rate falls with tenure on the job. E. The quit rate is almost always higher than the layoff rate.