The Selection Ratio Is the Number of People Hired Divided

question 42

True/False

The selection ratio is the number of people hired divided by the number of applicants, and it is desirable that this ratio be high.

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Definitions:

Deadweight Loss

A reduction in economic productivity that arises when a good or service does not reach or cannot reach its market equilibrium.

Administrative Burden

The administrative and regulatory obligations that organizations must follow, often involving substantial paperwork and compliance efforts.

Tax System

The structured method by which governments impose financial charges on citizens, businesses, and property to fund public expenditures.

Efficient Tax System

A tax system designed to collect government revenue with minimal economic distortion and without imposing excessive administration and compliance costs.