When Joe, Who Is Among the Highest-Paid Workers in a Field

question 280

Multiple Choice

When Joe, who is among the highest-paid workers in a field in which there are numerous job openings across the nation, recently became unemployed, his opportunity cost of job search is

• A) average, so the length of his period of unemployment is likely to be long.
• B) relatively high, so the length of his period of unemployment is likely to be short.
• C) relatively low, so the length of his period of unemployment is likely to be long.
• D) relatively high, so the length of his period of unemployment is likely to be long.

---

Definitions:

Scientific Experiment

A structured procedure carried out to test a hypothesis, gather data, and provide empirical evidence.

Direct Strategy

A communication approach that involves delivering the main message or conclusion at the beginning, followed by supporting details.

Sensitive News

Information or updates that require careful handling and dissemination due to potential impact on emotions or situations.

Telecommuting Plan

A strategy or arrangement that allows employees to work from a remote location, outside of the traditional office environment, often leveraging technology.