An important distinction between the labor market and the market for commodities is:
a. that contracts are arrived at more easily in the former.
b. the individual attributes of the buyer and seller hold far more importance in the former case.
c. that it is impossible to prevent breach of contract in the labor market.
d. that the market for commodities is a matching market while the former is not.
B
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Correlation means
A) "on the margin." B) the tendency for the values of two variables to move in a predictable and related way. C) other things remaining the same. D) "after this, therefore because of this." E) a natural experiment has been conducted.
In the calculation of gross domestic product by the expenditure approach, the "investment" component is
A) net investment. B) gross investment minus depreciation. C) gross investment plus depreciation. D) gross investment.