One Reason That Employers Are Hesitant to Hire Applicants Who

question 19

True/False

One reason that employers are hesitant to hire applicants who come to them through an employee referral is that they tend to quit more quickly.

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Definitions:

Price Floor

A government-imposed minimum price that can be charged for a good or service, usually set above the market equilibrium price to aid producers.

Surplus

In economic terms, a situation where the quantity of a good or service available exceeds the quantity demanded at a specific price.

Binding Price Floor

A government or regulatory-imposed price control set above the equilibrium price, which prevents the market price from falling below that level.

Potential Sellers

Potential sellers are individuals or entities that may be willing to sell goods or services under the right conditions.