Which Statement by an Employer Is Consistent with the Market-Clearing

question 81

Multiple Choice

Which statement by an employer is consistent with the market-clearing theory of unemployment?

• A)"I pay more than the going rate so I can hire good workers."
• B)"I pay only enough to attract workers who are at the bottom of the pay scale."
• C)"I love it when inflation goes up because that drives down my wage costs."
• D)"Workers can always find jobs,if only they lower their expectations."
• E)"Unions have only their current members' interests at heart."

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Definitions:

Purchase-Money Security Interest

A legal claim granted to lenders over items purchased, serving as collateral for the loan used to purchase the goods.

Possession Of Collateral

Holding or control over property or assets pledged as security for a loan or obligation.

Private Sale

A transaction of goods or property conducted directly between individuals or parties without the involvement of a public auction or open market.

Public Sale

The process of selling goods or assets to the highest bidder in an open and public manner.