1.Which of the following is a cost borne by an employee?
The cost incurred in looking for alternative job opportunitiesA fall in overall productivity as a result of hiring the wrong personThe cost of training in the new firm The cost of extra work done by existing employees due to an unfilled position
Question 2 1.An important distinction between the labor market and the market for commodities is:
Question 3 1.A written contract between an employer and an employee creates value as long as:
Question 4 1.Marginal product of labor is:
Question 5 1.In competitive markets, the elasticity of labor supply is:
unrelated to time.inversely proportional to time elapsed since a wage change.
unity.directly proportional to time elapsed since a wage change.
