The most appropriate description of labor market equilibrium under compensating differential is that safe firms are matched with risk-loving workers, and risky firms are matched with safety- loving workers. safe firms are matched with safety-loving workers, and risky firms are matched with worker who have less of a preference for safe jobs. workers and firms are randomly matched despite their preferences and technologies. all firms pay to offer safe firms so that all workers must accept a safe job.

The most appropriate description of labor market equilibrium under compensating differential is that safe firms are matched with risk-loving workers, and risky firms are matched with safety- loving workers. safe firms are matched with safety-loving workers, and risky firms are matched with worker who have less of a preference for safe jobs. workers and firms are randomly matched despite their preferences and technologies. all firms pay to offer safe firms so that all workers must accept a safe job.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

11. Economics: Labor Economics Thank you for your help and support Academic Agent!
18. What word do we use to refer to the amount of goods and services produced for each hour of a worker’s time?
. What is the difference between micro and macro economics? Give an example of a microeconomic phenomenon and an example of a macroeconomic one. 2. Go to the internet and find a recent article that you find that is relevant for this section. Provide the link, and a summary of the article and discuss, in a few words, why you found the article interesting 3. Provide an example of a sunk cost. How does this differ from a marginal cost? Explain a time you did (or should have) used marginal analysis to solve a problem.
2. Indicate whether the following statement(s) applies to microeconomics (Micro) or macroeconomics (Macro): a) A U.S. automobile manufacturing firm announced to hire 500 workers last month. (. b) The unemployment rate in the United States was 13.3 percent in March 2020. c) In 2011 an unexpected late spring frost after planting in southwestern Minnesota incurred additional costs to farmers as they replanted, although replanting payments are covered by insurance. (
Question 9
Need help with macroeconomic my little choice review question 26. Suppose that a University’s tuition is $7,000. The cost of textbooks is $1,000, and the cost of food & housing is $19,000. If you did not go to the University, you would have worked as a server, making $50,000 per year.What is your opportunity cost of attending The University?(A) $27,000. (B) $77,000. (C) $58,000. (D) $50,000. 27. Wakanda has a GDP of $720 trillion and a population of 6 million. What is Wakanda’s GDP per capita?(A) $120,000,000.(B) $720,000,000,000,000. (C) $100,000,000,000. (D) $833,333,333.
3 1- which is an example of an objective a) Find a high-paying job after college b) Gratuate from college next semester c( send resumé to two companies per week d) work for nationally reconized company
Show full answers and steps to part a) b) & c)
Attached Question:
NAME SECTION# PRINT LAST NAME, FIRST NAME In the circular flow model, the household sector goods and services in 8. markets. demands; product supplies; product demands; resource a. b. Appendix: C. d. supplies; resource Economics relies on mathematical students to apply their knowledge of arith graphing functions, and some geometry and analyze relationships between varis In the circular flow model, the business sector the factors of production (inputs) 9. in markets. demands; product supplies; product demands; resource supplies; resource a. Most of the mathematical calc subtraction, multiplication, or divisic (quantities). Students are often encc calculations. It may be necessary te example, to calculate average tota is equal to total cost divided by th produce 50 units of output, then Some students regard these rela the student's background and numbers and have difficulty k helpful. b. C. d. In the circular flow model, firms in the business sector product markets and demand; demand…
7
5