New Classical Theories of the Labour Market Argue That

question 92

Multiple Choice

New Classical theories of the labour market argue that

• A)all unemployment is most easily corrected by government intervention in the economy.
• B)competitive labour markets can be relied upon to eliminate all unemployment.
• C)labour unions are necessary elements in reducing unemployment.
• D)all unemployment arises from firms being unwilling to demand labour services.
• E)labour markets will clear and involuntary unemployment will thereby be eliminated.

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The intangible assets of an organization, encompassing knowledge, skills, innovation, and relationships that contribute to its competitive advantage.

Competitive Advantage

The attributes that allow an organization to outperform its competitors, often leading to greater sales or margins.

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Programmes and activities designed to improve the skills, knowledge, and competencies of employees within an organization.

Groupware

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