Figure 17.6.1 -The "No Shirking Constraint" (NSC) Curve Is

question 54

Multiple Choice

Figure 17.6.1
-The "no shirking constraint" (NSC) curve is:

• A) downward-sloping to reflect the fact that at higher wages, firms will monitor workers more to see whether they are shirking.
• B) downward-sloping to reflect the fact that shirking tends to be higher in lower-paying industries.
• C) upward-sloping because at high levels of unemployment, workers will refrain from slacking without much other incentive.
• D) upward-sloping because at high levels of employment, many "slacking" individuals have been hired.
• E) vertical because the constraint represents the absolute amount of time a firm will tolerate workers' slacking without laying them off.

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Definitions:

Estate

The total property, assets, and liabilities that a person owns or is responsible for.

Insider

Someone who has access to confidential or exclusive information, typically within a corporation or similar organization.

Relative

A person who is connected to another by blood or marriage.

Debtor

An individual or entity that owes money to another entity.