Retraining or Transferring Workers Could Solve a Labor Surplus Problem,but

question 7

True/False

Retraining or transferring workers could solve a labor surplus problem,but only if we have too many of one type of worker,and too few in another.

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Definitions:

Insurance Contract

An agreement between an insurer and a policyholder in which the insurer promises to pay for specific losses or damages in exchange for premiums paid by the policyholder.

Void

A term describing a contract or legal obligation that is null, having no legal force or effect from the beginning.

Wager

An agreement where a person stakes something of value on an uncertain event with the intent of winning something of greater value.

Statute Of Frauds

A legal principle that requires certain contracts to be in writing and signed by the parties involved, in order to be legally enforceable.