Microeconomics

An employer’s effort to minimize transaction costs can result in emplo

An employer’s effort to minimize transaction costs can result in employment discrimination. Indicate whether the statement is true or false   ANSWER T Economizing on transaction costs may include relying on the average productivity of members of groups with certain characteristics, such as age, sex, or race, rather than gathering more information on an individual […]

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Date: September 9th, 2020

The market reliably allocates workers among jobs based on their attitu

The market reliably allocates workers among jobs based on their attitudes toward risk, placing workers more willing to bear risk in riskier jobs. Indicate whether the statement is true or false   ANSWER F While potentially true, the allocation of the market according to riskiness may not succeed, either because the market does not offer […]

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Date: September 9th, 2020

A defined benefit pension plan is designed to retain a worker at the s

A defined benefit pension plan is designed to retain a worker at the same firm for his or her career. Indicate whether the statement is true or false   ANSWER T The incentive has that effect in that the amount of the defined benefit pension rises considerably as retirement age approaches, and improves very little […]

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Date: September 9th, 2020

The concept of workplace is changing with 24-7 access. Work and family

The concept of workplace is changing with 24-7 access. Work and family life has become more complicated as it is harder to turn off work, a study showed that: a. Smaller organizations may be more nurturing than larger ones. b. Executives are more time stressed than people in low-demand, low pay jobs c. The affluent […]

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Date: September 9th, 2020

To be effective, OSHA rules must be exact , because flexibility will b

To be effective, OSHA rules must be exact , because flexibility will be used by employers to violate the beneficial effect of the rule. Indicate whether the statement is true or false   ANSWER F Exact and inflexible rules were costly to some employers and they discouraged compliance, whereas flexible rules allowed employers to achieve […]

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Date: September 9th, 2020