False aacsb reflective thinking skills blooms

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FALSE AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-4 McConnell - Chapter 13 #179 Topic: Union models and licensure 180. The labor supply curve facing a purely competitive firm is perfectly inelastic. FALSE AACSB: Reflective Thinking Skills Blooms: Knowledge Learning Objective: 13-2 McConnell - Chapter 13 #180 Topic: Purely competitive labor markets 181. The monopsonist in a nonunionized labor market pays a wage rate below the MRP of labor. TRUE AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-3 McConnell - Chapter 13 #181 Topic: Monopsony and imperfectly competitive labor markets 182. Inclusive unions restrict the number of jobs directly by shifting the labor supply curve to the left; exclusive unions restrict the number of jobs by imposing above-equilibrium wage rates on the employer. FALSE AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-4 McConnell - Chapter 13 #182 Topic: Union models and licensure
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183. Critics of the minimum wage contend that higher minimums cause employers to move up their labor demand curves, reducing employment of low-wage workers. TRUE AACSB: Reflective Thinking Skills Blooms: Knowledge Learning Objective: 13-4 McConnell - Chapter 13 #183 Topic: Minimum wage 184. Seniority pay is the same as piece rate pay. FALSE AACSB: Analytical Skills Blooms: Knowledge Learning Objective: 13-6 McConnell - Chapter 13 #184 Topic: Pay and performance 185. The principal-agent problem in labor markets arises because of the possibility of shirking by workers. TRUE AACSB: Reflective Thinking Skills Blooms: Knowledge Learning Objective: 13-6 McConnell - Chapter 13 #185 Topic: Pay and performance 186. Efficiency wages are established at below-equilibrium levels. FALSE AACSB: Analytical Skills Blooms: Understanding Learning Objective: 13-6 McConnell - Chapter 13 #186 Topic: Pay and performance 187. Human capital investment refers to spending on education and worker training. TRUE AACSB: Analytical Skills Blooms: Knowledge Learning Objective: 13-5 McConnell - Chapter 13 #187 Topic: Wage differentials; human capital 188. Noncompeting groups of workers are the result of geographic immobilities. FALSE AACSB: Analytical Skills Blooms: Knowledge Learning Objective: 13-5 McConnell - Chapter 13 #188 Topic: Wage differentials; human capital 189. Shirking refers to the behavior of workers who provide less-than-expected effort on the job. TRUE AACSB: Analytical Skills Blooms: Knowledge Learning Objective: 13-6 McConnell - Chapter 13 #189 Topic: Pay and performance 190. Piece-rates may not be appropriate pay in some situations because they might reduce product quality. TRUE AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-6 McConnell - Chapter 13 #190 Topic: Pay and performance
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