If Workers Share in the Cost of Training but Also

question 20

Multiple Choice

If workers share in the cost of training but also share in the productivity payoff from the training,then we expect that

• A) quit rates will be lower.
• B) quit rates will be higher.
• C) layoff rates will be higher.
• D) employers would have no incentive to hire such workers in the first place.

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Definitions:

Exports

Products or services that are shipped from one country to another for the purpose of sale or exchange.

Imports

Goods or services brought into a country from abroad for sale.

Variable Costs

Costs that change in proportion to the level of production or business activity, such as materials and labor.

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.