Which of the following explanations argues that laws requiring that wages be kept above a given amount prevent unemployed workers from being hired?
A) The insider-outsider explanation
B) The job-search explanation
C) The efficiency-wage explanation
D) The discouraged-worker explanation
E) The minimum-wage explanation
Correct Answer:
Verified
Q148: If more jobs are created than destroyed
Q149: If more jobs are created than destroyed
Q150: Which of the following explanations argues that
Q151: Job rationing and job search are competing
Q152: Why would a firm elect to pay
Q154: According to the job-rationing explanation of unemployment,
Q155: According to the job-rationing explanation of unemployment,
A)there
Q156: If a worker is paid the efficiency
Q157: If the labor market is at the
Q158: Which of the following will cause unemployment
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