laborexam3s09

laborexam3s09 - Labor Exam 3 April 30, 2009 By writing your...

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Labor Exam 3 By writing your PID below, you are indicating April 30, 2009 your intention to abide by the honor pledge: PID: There are ten short - answer questions worth 6 points apiece. There are four long - answer questions worth 15 points apiece. The space provided should be sufficient to answer each question. Short answer questions 1. What determines whether workers are likely to benefit from above - market wages? 2. Although we would like to interpret the unemployment rate as a measure of the fraction of people who would like jobs but can’t find them. However, there are two important reasons why this might not be accurate. Name these two effects. 3. How does a competitive firm decide its use of capital and labor in the short run?
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Labor Exam 3, page 2 of 7 4. Whenever I hire a new babysitter, I have to explain my kids’ schedules, preferences, eccentricities, as well as where we hide their supplies ( food, sippy cups, diapers, medicines, and so on ) . This is an example of what type of training? Explain.
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laborexam3s09 - Labor Exam 3 April 30, 2009 By writing your...

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