Typically,employers Compete with Each Other in the Labor Market to Get

question 61

Essay

Typically,employers compete with each other in the labor market to get and to retain the best possible workers.Explain how such competition might prevent the unemployment rate from ever being close to zero.

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Definitions:

Defamation

A wrongful act of communicating false statements about a person that injure the person's reputation or good name.

Actual Malice

In defamation, either a person's knowledge that his or her statement or published material is false or the person's reckless disregard for whether it is false.

Nominal Damages

A small sum awarded to a plaintiff in a lawsuit when a legal wrong has occurred, but no actual monetary loss was sustained or proven.

Tort

A tort is a civil wrong that causes a claimant to suffer loss or harm, resulting in legal liability for the person who commits the tortious act.