The number of job seekers in any sector of the economy ordinarily exceeds, by at least a small amount, the number of jobs available. Thus, employers
A) could increase their net revenue by lowering wages.
B) could increase their net revenue by raising wages.
C) do not pay close attention to marginal cost and marginal revenue in setting wages.
D) face the threat of unionization.
E) want employees to value their current jobs significantly more highly than they value alternative jobs.
E
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An example of a seasonally unemployed worker would be
A) a day care provider who quits his job to go back to school. B) a mother who quits her job to stay home with her children. C) a General Motors employee loses her job because the company is downsizing its work force. D) a software engineer who is laid off because of declining demand for the software he writes. E) a ski lift operator who loses his job when the snow melts in the spring.
The ______________ Resource Model illustrated in the book shows the interdependence of resources, how they exchange
a. Foa & Foa b. Elbing c. Hertford & Myers d. Eccles & Ward
Which of the following is included in the current account?
a. Net unilateral transfers. b. Goods imports. c. Goods exports. d. All are included in the current account.
Now that the world is technologically advanced, nations no longer try to protect infant industries
Indicate whether the statement is true or false