1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AlladinOne [14]
3 years ago
14

11. Information in labor marketsThe marginal productivity theory states that if a firm operates in a perfectly competitive facto

r market, it pays each factor of production its marginal revenue product. However, this theory may fail to hold if factor markets are not competitive.One circumstance under which factor markets may fail to be competitive is if there is imperfect information. Which of the following are examples of how information problems can lead to inefficient outcomes? Check all that apply.1. Firms may discriminate against workers or suppliers they don't trust.If a firm can't tell who its most productive workers are, it must pay everyone 2. the same wage.3. Workers who are actually productive may not be hired if they don't have the credentials required by a screening process.
Social Studies
1 answer:
ladessa [460]3 years ago
8 0

Two examples of inefficient outcomes derived from information problems are when firms pay every employee the same because they do not know their rate of production (option 1), and when workers are not hired due to lack of credentials (option 2).

In businesses, productivity and outcomes depend on different factors such as:

  • Resources.
  • Workers.
  • Management.
  • Information.
  • Among others.

From these factors, one of the most important is information because based on this, the other factors are appropriately or inappropriately managed. Due to the above, information issues might affect productivity, two examples are:

  • Firms pay every employee the same because they do not know their rate of production: This problem derives from the lack of information about employees' rate of production and can increase costs or decrease production.
  • Workers are not hired due to lack of credentials: Lack of information about candidates' skills can make firms not hire the best employees and this indirectly reduces productivity.

Learn more in: brainly.com/question/236180

You might be interested in
Groups have a common identity but not shared expectations.<br> a. True<br> b. False
mariarad [96]

Answer: False. Groups do not have a common identity but they do have shared expectations.

Explanation: Groups have one identity, because they are working together in a group. If they were working individually, they would have a common identity. Shared expectations are something that a group has because they all expect the people in the group to give it their all and accomplish their goals.

8 0
3 years ago
Read 2 more answers
Why is george papadopoulous in the news ?
podryga [215]
Because they put him there
6 0
3 years ago
Which statement about the executive branch is true?
lozanna [386]

Answer:

can veto laws passed by Congress

Explanation:

4 0
3 years ago
Read 2 more answers
It was late on a Friday afternoon when Makari Polzin got a call at the help desk for Taggart Transcontinental. A man with an edg
QveST [7]

Answer:

Identity theft

Explanation:

Identity theft is a serious crime in which an individual(scammer) assumes fake identity of a person in order to gain personal information of the person.

The personal information which may include date of birth, social security numbers or password gotten is then used for their personal gains which may include stealing money or other vital information and documents.

6 0
4 years ago
Seth, a psychology graduate student, theorizes motivations are gut-level, biological reactions that can’t be voluntarily control
LenaWriter [7]

Answer:

The important development and diversification of the works in Motivation Psychology, two great moments are distinguished: before and after Darwin's work in 1859, or, what is the same, pre-scientific stage and scientific stage. These facts considerably hinder a generally accepted conceptualization of "Motivation", since, on the one hand, in the scientific stage pre-scientific terms are still used, and, on the other hand, Darwin's influence is reflected in various currents, each of them using a particular terminology.

During the pre-scientific stage, Motivation was reduced to voluntary activity, while, in the scientific stage, talking about Motivation implies referring to instincts, tendencies and impulses, which requires the necessary energy; but, in addition, there are also clear references to cognitive activities, which direct the behavior towards certain objectives. Therefore, the concept of Motivation today must consider the coordination of the subject to activate and direct their behavior towards goals.

An added difficulty has to do with the large number of needs described by the different authors. In this regard, Madsen (1980) grouped the needs into two categories: primary and secondary reasons. The primary, innate and biogenic motifs are central motivations (needs) that, from birth, are functionally related to the subsistence of the individual and the species. The secondary motives, acquired and psychogenic, are central motivations (needs) that, after a learning process, are related to the general growth of the subject. This differentiation is essential to understand the Psychology of Motivation in its entirety, since, although it is true that primary motifs are common to all species, secondary motifs, although also present in many of the lower species, seem be fundamental heritage of the human species

The issue of interaction between biological and cultural aspects has led some authors (Munro, 1997) to suggest that it is the most attractive perspective in the field of New Ethology. Indeed, the author says that, from the psychological orientation, the study of Motivation has been carried out from the biological, behavioral or cognitive perspectives. From any of these perspectives it has been assumed that the most scientific orientation is that which is based on biological parameters; that is, one that tries to understand the motivated behavior of an individual, from the perspective of the needs that the organism needs to satisfy in order to survive. At the other end of the hypothetical continuum, Munro continues to argue, is the cultural orientation, which proposes the impossibility of understanding the motivated behavior of the human being without resorting to social variables, and fundamentally to cultural variables: motivation is the result of cultural influences. In this second perspective, the individual as such is not important, since what counts is the group as a whole, with its inescapable influences on each and every one of the members that make it up. These theoretical orientations have been empirically verified in the applied field, particularly in the labor field (Erez, 1997), highlighting how it seems essential to consider cultural factors to understand the motivational dimension of employee and boss behavior. Even, as Geary, Hamson, Chen, Liu and Hoard (1998) have recently pointed out, cultural influence is unavoidable when one wants to understand how biases in cognitive functioning occur, referring to motivational preferences, to the choice of objectives attractive, etc. The interaction between evolutionary and cultural factors is present and exerts its impact from the first moments in which an individual interacts with others. However, the effects of such influence begin to become apparent when that individual begins his training and learning in the school environment.

3 0
3 years ago
Other questions:
  • This morning, Jeff found an aged bond certificate lying on the street. He picked it up and noticed that it was a 50-year bond th
    5·1 answer
  • Seventeen-year-old gina typically makes good decisions and stays out of trouble. her parents were surprised one night to discove
    11·1 answer
  • What New Deal program was designed specifically to assist in the development of rural areas in North Carolina and other southern
    6·1 answer
  • 4. Which Gen. won battles south of the Nueces River?
    13·1 answer
  • Is a heterogeneous mixture a solution? How do you know?
    13·1 answer
  • What was Hatshepsut's biggest problem after the crowning ceremony
    5·1 answer
  • What is the seventh amendment protect against?
    12·2 answers
  • The __________ is a term used to describe the gulf between those who do and those who donÕt have access to modern
    10·1 answer
  • What was one national security policy the United States established during the Corona pandemic?
    7·1 answer
  • You read in the news about a famous ongoing criminal investigation. As you read, you learn that the defendant did not show up to
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!