If a firm was owned by its employees,
A) there is a higher probability that wage reductions would outweigh layoffs.
B) those in charge would not act any differently than regular owners; there would still be layoffs.
C) those not in charge would remain risk neutral.
D) wage reductions would be lower than if the firm was run for profit.
A
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Explain the concept of causation with the help of a simple real-life example
What will be an ideal response?
Unemployment insurance is:
A. money that is paid by the government to people who are unemployed. B. money that is paid to the government by employers who lay off employees. C. offered by the government as a way to affect the level of cyclical unemployment. D. offered by the government as a way to affect the level of seasonal unemployment.
On a graph with time on the horizontal axis and real GDP per capita on the vertical axis, the income levels of poorer countries are
A. diverging more from the incomes of rich countries. B. maintaining a constant gap with the incomes of richer countries. C. crossing the line representing richer countries. D. coming closer to the line representing richer countries.
The elasticity of demand for apartments is greatest when
A. local politicians are religious. B. there are other price controls in towns besides on rent. C. there are few neighboring towns/suburbs in which to live. D. there are many neighboring towns/suburbs in which to live.