If Workers for a Firm Have Mainly General Human Capital,then

question 44

Multiple Choice

If workers for a firm have mainly general human capital,then when the demand for its output falls,the firm will mainly

• A) lower wages.
• B) cut back on employment.
• C) cut work hours of all workers.
• D) increase its specific investment in workers as the opportunity cost of training is low.

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Definitions:

Voltage Drop

The reduction in voltage as electric current flows through a conductor, due to the impedance or resistance of the material.

Series Circuit

An electrical circuit in which components are connected end-to-end, so the current flows through each component sequentially.

Electrically Neutral

A state where an object or system has no net electrical charge and is not influenced by external electric fields.

Positive Charge

An electrical condition resulting from a deficit of electrons on an atom or molecule, leading to a net positive electric charge.