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Author Question: An unspoken agreement between workers and firms that the firm will not cut wages is known as (Read 100 times)

tsand2

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Question 1

If wages are sticky, an increase in labor


◦ demand decreases the wage rate.
◦ supply increases the wage rate.
◦ demand increases the wage rate.
◦ demand leaves wage rates intact.

Question 2

An unspoken agreement between workers and firms that the firm will not cut wages is known as


◦ an implicit or social contract.
◦ an explicit contract.
◦ a relative-wage contract.
◦ employment-at-will.


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Marked as best answer by tsand2 on Apr 19, 2019

frre432

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frre432

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