An organization offers training programs for its employees at a subsidized rate to help them use a nascent technology that the organization is adopting. The trained employees later bargain for a higher wage from the management as their probability of finding better paying jobs increase because some other companies are also adopting it. This action of the employees is an example of:
a. selfishness.
b. holding up.
c. opportunism.
d. specificity.
C
Economics
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In order to get his bachelor's degree, Timothy gave up an offer for a full time job as a bartender. Therefore, Timothy incurred an opportunity cost
Indicate whether the statement is true or false
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The free-rider problem arises because pure public goods are nonexcludable
Indicate whether the statement is true or false
Economics
If the firms hires 5 workers, the average variable costs equals
a. $10 b. $100 c. $800 d. Need more information
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The U.S. market for interbank borrowing and lending is called the:
a. Federal funds markets. b. Secondary market. c. Money market. d. Real Goods Market. e. Primary market.
Economics