The number of job seekers in any sector of the economy ordinarily exceeds, by at least a small amount, the number of jobs available. Thus, employers
A) could increase their net revenue by lowering wages.
B) could increase their net revenue by raising wages.
C) do not pay close attention to marginal cost and marginal revenue in setting wages.
D) face the threat of unionization.
E) want employees to value their current jobs significantly more highly than they value alternative jobs.
E
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Tax cuts shift aggregate demand
a. right as do increases in government spending. b. right while increases in government spending shift aggregate demand left. c. left as do increases in government spending. d. left while increases in government spending shift aggregate demand right.
The number of people over age 16 in an economy willing and able to work, is known as the:
A. labor force. B. unemployment rate. C. employment force. D. labor force participation rate.