ECON 315 - Exam 1 Questions And Answers With Verified Solutions
ECON 315 - Exam 1 Questions And Answers With Verified Solutions How is the labor market different from the typical market for products? - Goods are sold in the market (typical) - Labor is rented in a market - Institutions exist to connect employers and employees - Information about quality and price are exchanged Non-Pecuniary Reasons to Pick a Job: - Salary - Location - Opportunity - Reputation Pecuniary Relating to money Numerous insititions and legislations influence the employment relationship. Examples include: Job posting boards Job resource cents Classified ads Labor Economics The study of the workings and outcomes of the market for labor. It is primarily concerned with the behavior of employers and employees in response to the incentives of wages, prices, profits, and non-pecuniary aspects.
Escuela, estudio y materia
- Institución
- Liberty University
- Grado
- ECON 315
Información del documento
- Subido en
- 10 de mayo de 2023
- Número de páginas
- 13
- Escrito en
- 2022/2023
- Tipo
- Examen
- Contiene
- Preguntas y respuestas
Temas
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econ 315 exam 1
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econ 315 exam 1 questions and answers with verified solutions
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how is the labor market different from the typical market for products
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numerous insititions and legislations influenc
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