What role does information cascade play in job interviews?

What will be an ideal response?

Information cascade plays an important role in job interviews. An employer may look at a candidate's resume and see that he has been unemployed for some time. Even if the interview goes well and the candidate seems well suited for the job, the employer may weigh the information that the candidate has so far been unsuccessful in finding work as a signal that everyone else thinks this worker is unqualified. The employer may then think that he is missing something important in his evaluation of the worker, and may ignore his own positive signals in favor of the information contained in the candidate's unemployment history. He won't offer the interviewee a job, and neither will the next employer. This information cascade prolongs the interviewee's joblessness.

Economics

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Knowledge about the price elasticity of demand is especially useful to managers because it allows them to predict how a change in price would affect a firm's total profit

Indicate whether the statement is true or false

Economics

Real GDP is the product of the

a. total hours of work times the labor force. b. labor force times the output per hour. c. nation's capital stock times the output per hour. d. total hours of work times the output per hour.

Economics