Job Search

question 9

Multiple Choice

Job search:

• A) explains why firms pay higher than the competitive equilibrium wage
• B) is due to the failure of wages to balance labour supply and labour demand
• C) is the process of matching workers with appropriate jobs
• D) all of the above

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Definitions:

Bankruptcy

A legal procedure for dealing with debt problems of individuals and businesses; officially declaring the inability to pay outstanding debts.

Appliance Manufacturer

A company involved in designing, producing, and selling electrical or mechanical devices for domestic use.

Mutual Fund

An investment program funded by shareholders that trades in diversified holdings and is professionally managed.

Mortgage

A loan used to purchase a property, where the property itself serves as collateral until the loan is paid off.