A model in which workers won't be concerned about the possibility of being fired if they don't work hard, because their wage is so low, is called
A. a gift-exchange model.
B. a cost-benefit model.
C. a job-stress model.
D. a shirking model.
Answer: D
Economics
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Explain how scarce jobs are allocated when a minimum wage is in place
What will be an ideal response?
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Purchasing power parity may not hold in practice due to all of the following except
A) transportation costs. B) cross-country differences in environmental regulations. C) trade barriers like tariffs and quotas. D) the existence of non-traded goods.
Economics