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Author Question: Workers in the textile industry are laid off during a recession because they are unwilling to accept ... (Read 48 times)

bobbie

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on: Apr 19, 2019

Question 1

According to the relative-wage explanation of unemployment, workers will be willing to accept wage cuts only if


◦ they know that unemployment is increasing in other industries.
◦ they can be convinced that they are overpaid relative to workers doing similar jobs at other firms.
◦ they know that workers in other firms and industries are receiving similar cuts.
◦ the economy is in a prolonged recession.

Question 2

Workers in the textile industry are laid off during a recession because they are unwilling to accept a wage cut, unless they know that workers in other industries are receiving similar cuts. This example is consistent with the


◦ relative-wage explanation of unemployment.
◦ explicit contract explanation of unemployment.
◦ social contract explanation of unemployment.
◦ efficiency wage explanation of unemployment.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by bobbie on Apr 19, 2019

coyin

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bobbie

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Reply #2 on: Apr 19, 2019
TY


coyin

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Reply #3 on: Apr 19, 2019
You're welcome


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