When Rates of Pay and Job Assignments Are Determined by Administrative

question 37

Multiple Choice

When rates of pay and job assignments are determined by administrative rules and implicit promises of management,then a firm is operating in a(n) :

• A)internal labor market.
• B)competitive labor market.
• C)human capital market.
• D)risk-sharing market.

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Definitions:

U.S. Government Securities

Instruments for raising funds issued by the Treasury Department of the United States to support the federal government's expenditures.

Deposits

Deposits refer to the funds that customers place into their bank accounts, which can include savings, checking, and other types of accounts.

Required Reserve Ratio

The fraction of deposits that regulators require a bank to hold in reserve and not lend out.

Checkable Deposits

Bank account balances that can be withdrawn using checks, debit cards, or electronic transfers.