An employee who has worked with only one organization all her life, and is now close to her retirement age, is unlikely to find an equally profitable position with another company because:

a. her productivity is very low.
b. her firm-specific capital is of little use to other organizations.
c. other organizations can not verify her previous work record.
d. her preference for leisure is likely to be very high.

B

Economics

You might also like to view...

A reasonable estimate of the world's population that lives on less than $1.5 per day is

A) 40 percent. B) 80 percent. C) 50 percent. D) 20 percent.

Economics

If the demand and supply curves for a commodity shift to the right by the same amount, then in comparison to the initial equilibrium, the new equilibrium will be characterized by:

A) a higher quantity and price. B) a lower quantity and a higher price. C) the same quantity and a lower price. D) a higher quantity and the same price.

Economics