Let the Production Function Be Q = AL^aK^b

question 121

Multiple Choice

Let the production function be q = AL^aK^b. The function exhibits increasing returns to scale if

• A)a + b = 1.
• B)a + b > 1.
• C)a + b < 1.
• D)Cannot be determined with the information given.

Grasp the relevance of U.S. employment laws to recruitment practices.

Explain the concept and implications of organizational inbreeding.

Analyze the benefits associated with employee referral methods in recruitment.

Understand the principles and applications of affirmative action plans in recruitment.

---

Definitions:

Worker Control

A form of workplace organization where decision-making processes are governed by the employees rather than traditional management hierarchies.

Working Conditions

The environment in which an individual works, including aspects like safety, hours, physical conditions, and legal rights.

First Unions

The earliest labor unions formed to protect and advance the rights and interests of workers.

Local Level

Refers to activities, decisions, or services that are conducted or applied at the most immediate, community, or regional stage of operation.