the owner of a firm sells "recession insurance" toher employees, it means that the:
A)employees sacrifice larger bonuses during good economic times in return for higher salaries during bad
Economic times.
B)owner of the firm earns higher profits during bad economic times by skimming off the workers'
Salaries.
C)employees are not allowed to quit the firm for higher pay during good economic times.
D)employees are not allowed to quit the firm during bad economic times.

Question

Quizplus · Accepted Answer

Selling "recession insurance" to employees means that they are sacrificing larger bonuses during good economic times in exchange for higher salaries during bad economic times. This allows the firm to better weather economic downturns and keep their workforce intact, while also ensuring that employees have some level of financial security during tough times.

The Owner of a Firm Sells "Recession Insurance" Toher Employees