The matching function captures the idea that
A) consumers have to be paid to work.
B) supply and demand for labor determine the market wage.
C) it is costly and time-consuming to get firms and workers together to produce output.
D) firms are profit-maximizing.

Question

Quizplus · Accepted Answer

The matching function refers to the process of bringing firms and workers together to produce output, and recognizes that it can be costly and time-consuming. Therefore, option C is the best choice. Option A is not accurate as it suggests that consumers need to be paid to work, which is not the case. Option B is partially true but does not capture the full meaning of the matching function. Option D is not directly related to the matching function.

The Matching Function Captures the Idea That