1. In the presence of unions, efficient contracts are expected to result in the

ID: 1211600 • Letter: 1

Question

1. In the presence of unions, efficient contracts are expected to result in the hiring of _____ workers than would be hired under the labor demand curve at a given wage.

A. more

B. fewer

C. the same number of

D. None of the above is correct.

2. Time-based pay systems are more common than piece-rate pay systems because:

workers are risk averse.

firms are risk averse and prefer stable hourly pay structures to unpredictable piece rate pay structures.

Both of the above are correct.

None of the above is correct.

workers are risk averse.

firms are risk averse and prefer stable hourly pay structures to unpredictable piece rate pay structures.

Both of the above are correct.

None of the above is correct.

Explanation / Answer

(1) The correct answer is option (A) more

(2) The correct answer is option (C).

Navigate

1. In the presence of unions, efficient contracts are expected to result in the

1. In the process of nylon preparation, NaOH was added to the reaction mixture e

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.

1. In the presence of unions, efficient contracts are expected to result in the

Question

Explanation / Answer

Related Questions

Navigate