What is personnel economics?
What will be an ideal response?
Personnel economics is the application of economic analysis to human resource issues, such as compensation packages, promotions, training, and pensions.
You might also like to view...
A firm's demand for labor curve is also called its
A) marginal revenue product of labor curve. B) marginal benefit of labor curve. C) marginal factor cost of labor curve. D) marginal valuation curve.
One problem with real business cycle theory is that
A) it is more successful in explaining expansions than in explaining contractions. B) it relies almost entirely on Keynes' original ideas, ignoring much of the progress made since then. C) it treats government officials as well-meaning public servants, despite much evidence to the contrary. D) it defines "productivity" in a new and not very intuitive way. E) its models downplay the importance of technological progress in the economy.