If an employment situation is characterized by adverse selection,
a. there are too many applicants for each job
b. there are too few applicants for each job
c. there are exactly the right number of applicants for each job
d. there is an excess supply of overqualified applicants for each job
e. there is an excess supply of underqualified applicants for each job
E
You might also like to view...
The risk premium is
A) the amount by which the expected return on a risky asset exceeds the return on an otherwise comparable safe asset. B) a measure of the riskiness of the overall economy in a domestic country compared with a foreign country. C) the amount an investor must pay to insure his or her stock portfolio to protect against a fall in value. D) the amount an investment bank charges to guarantee an annuity that pays a fixed rate of return in the future.
Refer to Scenario 10.6. If red rubber balls can be produced at any of the three plants, and John decides to produce 1 red rubber ball, at which plant will he produce it?
A) California B) Florida C) Montana D) He is indifferent between California and Florida. E) He is indifferent between Florida and Montana.