Test 2(1) s Mailings Review View 2 No S wage Ware firm Which of the following st

Question

Test 2(1) s Mailings Review View 2 No S wage Ware firm Which of the following statements is correct regarding involuntary unemployment? (Select correct answer) 4. a. When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. b. When there is involuntary unemployment, the employment rent is zero. c. When there is no involuntary unemployment, frms must be employing workers without ever dismissing them. There must be involuntary unemployment in an efficiency wage equilibrium for workers to willingly put in increased effort. d.

Explanation / Answer

From all the following statements regarding involuntary unemployment ,option(d) is correct . There must be involuntary unemployment in an efficiency wage equilibrium for workers to put willingly in an increased effort.And when there is involuntary unemployment, employment rent is not zero.  

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