Which of the Following Would Not Give Workers Some Degree

question 17

Multiple Choice

Which of the following would not give workers some degree of monopoly power?

• A) learning by doing
• B) labor unions
• C) highly specialized human capital
• D) high rates of short term unemployment
• E) high costs of job turnover and training incurred by employers

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Definitions:

Ordinary Maintenance

Routine upkeep and repair of equipment and facilities to keep them in their original condition without significantly enhancing their value or extending their life.

Book Value

The net asset value of a company calculated by total assets minus intangible assets (patents, goodwill) and liabilities.

Market Value

The existing rate at which an asset or service can be sold or acquired.

Revenue Expenditure

Expenses incurred during the normal course of business that are expected to be consumed within the current accounting period.