Because Workers in Internal Labor Markets Are Promoted on the Basis

question 12

Multiple Choice

Because workers in internal labor markets are promoted on the basis of seniority:

• A)such markets are allocatively inefficient because seniority takes precedence over ability
• B)dynamic efficiency is enhanced by removing a disincentive for older workers to pass along skills to younger workers
• C)static efficiency is enhanced by allocating the most able workers to each job
• D)some other scheme must be introduced,such as tournament pay,to improve efficiency in such markets

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Definitions:

AV Bundle

The bundle of His, which is a collection of heart muscle cells specialized for electrical conductivity that transmits the electrical impulses from the AV node to the point of the apex of the fascicular branches.

SA Node

Sinoatrial node, the heart's natural pacemaker, initiating the electrical impulses that set the rate and rhythm of your heartbeat.

AV Node

The atrioventricular node, a part of the cardiac conduction system that controls the heart rate by slowing the electrical current before it passes from the atria to the ventricles.

Pacemaker

A device implanted in the body that uses electrical impulses to regulate the beating of the heart or a natural group of cells in the heart that performs this function.