Author Question: In which of the following cases is the employment relationship between the employee and the employer ... (Read 109 times)

elizabeth18 · **on:** Jun 30, 2018

In which of the following cases is the employment relationship between the employee and the employer likely to resemble a spot market transaction?
a. When hospitals hire clerical staff
b. When a university hires members of faculty
c. When a corporate law firm hires lawyers
d. When unskilled workers are hired on a day-to-day basis for odd jobs

Question 2

Price makers do not have market power.
Indicate whether the statement is true or false