Labor Hoarding Occurs When

question 94

Multiple Choice

Labor hoarding occurs when

• A)firms keep good workers so other firms can't hire them.
• B)the unemployment rate exceeds the natural rate of unemployment.
• C)involuntary unemployment exceeds voluntary unemployment.
• D)because of hiring and firing costs, firms retain workers in a recession that they would otherwise lay off.

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Definitions:

Social Norm

Unwritten rules that dictate the acceptable behaviors within a society or social group.

Excessive Personalization

The tendency to take things too personally, often interpreting events, actions, or remarks as direct attacks on oneself.

Non-Work References

References or individuals that provide information or feedback about a person’s abilities, character, or qualifications outside of a work context.

Less Professional

Displaying behavior or attitudes in the workplace that are considered informal, careless, or not up to professional standards.