In which of the following cases is the employment relationship between the employee and the employer likely to resemble a spot market transaction?
a. When hospitals hire clerical staff
b. When a university hires members of faculty
c. When a corporate law firm hires lawyers
d. When unskilled workers are hired on a day-to-day basis for odd jobs
D
Economics
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The curve formed by plotting the value of the marginal product for workers against quantity of labor is:
A. downward sloping. B. upward sloping. C. perfectly elastic, for competitive firms. D. perfectly inelastic.
Economics
The Federal Reserve monetary policy goals of maximum employment mean
What will be an ideal response?
Economics