Statement 1: "Firms using internal labor market often appreciate the fact that their employees have incentive to make the firm look good and rarely publicly criticise it." Statement 2: "Employees in firms using internal labor markets often spend more time lobbying for promotions than do employee in firms that hire on the spot market." Statement 1 is true, but 2 is false Statement 2 is true, and 1 is false Both statements are true Both statements are false

Statement 1: "Firms using internal labor market often appreciate the fact that their employees have incentive to make the firm look good and rarely publicly criticise it." Statement 2: "Employees in firms using internal labor markets often spend more time lobbying for promotions than do employee in firms that hire on the spot market." Statement 1 is true, but 2 is false Statement 2 is true, and 1 is false Both statements are true Both statements are false

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter14: Labor Markets And Income

Section: Chapter Questions

Problem 1SCQ: Table 14.10 shows levels of employment (Labor), the marginal product at each of those levels, and...

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