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Author Question: Suppose that cruise ship employees are laid off during a period of significant decrease in demand ... (Read 62 times)

jrubin

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Question 1

Employment contracts that stipulate workers' wages, usually for a period of 1 to 3 years, are known as


◦ social contracts.
◦ implicit contracts.
◦ explicit contracts.
◦ None of these.

Question 2

Suppose that cruise ship employees are laid off during a period of significant decrease in demand for cruise vacations because they have a 3-year contract which has locked their wages into place. This example is consistent with the


◦ explicit contract explanation of unemployment.
◦ social contract explanation of unemployment.
◦ efficiency wage explanation of unemployment.
◦ relative-wage explanation of unemployment.


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Marked as best answer by jrubin on Apr 19, 2019

Jsherida

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jrubin

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review


xoxo123

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Reply 3 on: Yesterday
Excellent

 

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