Answered: The term refers to a practice in which…

The term refers to a practice in which employers decide to hire more workers than are required for efficient production. a. misallocation b. productivity c. efficiency d. unemployment

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 41CTQ: Unemployment rates have been higher in many European countries in recent decades than in the United...

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The term
refers to a practice in which employers decide to hire more workers than are required for efficient production.
a. misallocation
b. productivity
c. efficiency
d. unemployment

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