--%>

Elimination of exploitation

The removal of exploitation of labor [that is, wage payments beneath the value to society of each and every individual worker’s productive contribution] is automatic when business decision makers: (1) Should set wages via collective bargaining agreements with the labor unions. (2) Conscientiously maximize their gains as operating in purely competitive markets for all the outputs and all resources. (3) Utilize extensive screening methods whenever they interview the prospective employees. (4) Wholeheartedly comply with the affirmative action laws. (5) Hire workers with strong letters of reference from respected present employees.

Find out the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Market clearance according to Economists

    Can someone help me in finding out the right answer from the given options. The Economists state that a market is cleared when the price is in such a manner that: (i) Each and every good produced is sold. (ii) Quantity and Price are equal. (iii) Surplus demand surpass

  • Q : Problem concerning agency Shop

    Can someone help me in finding out the right answer from the given options. Non-union members can’t "free-ride" in states with Right-to-Work laws whenever a company agrees to operate: (i) Closed shop. (ii) Agency shop. (iii) Open shop.

  • Q : Economic losses driven down to zero

    Exit by a competitive industry will arise till economic: (1) profits are driven to zero. (2) profits counterbalance accounting losses. (3) incomes are equalized for comparable workers. (4) costs are sufficiently below accounting losses. (5) losses are driven down to z

  • Q : International market for auto industry

    The international market for the auto industry in the 21st century is probably best described as a blend of: (1) pure and monopolistic competition. (2) monopolistic competition and oligopoly. (3) oligopoly and cartel. (4) technological obso

  • Q : Law of demand in Ceteris Paribus Can

    Can someone help me in finding out the right answer from the given options. The law of demand supposes that the income and tastes of the consumers are: (i) Strong determinants of the prices. (ii) Causes of movements all along the demand curve. (iii) C

  • Q : Marginal revenue at monopolist

    At the quantity where a demand of monopolist is unitarily elastic, so marginal revenue is: (1) positive. (2) negative. (3) one. (4) zero. (5) infinite. Hey friends please give your opinion for the problem of

  • Q : Minor economic inefficiencies The minor

    The minor economic inefficiencies which monopolistically competitive firms may cause are as: (w) because of their inability to ever price discriminate. (x) a price which consumers pay for a greater range of slightly differentiated goods. (y) reflected

  • Q : Define consumption function Consumption

    Consumption function: The relationship among income and consumption is termed as consumption function.

  • Q : Signals to guide production The dollar

    The dollar votes serve to: (i) Offer signals to guide production. (ii) Offer signals to sway govt. policies. (iii) Elect corporate executives. (iv) Elect politicians. Can someone please help me in finding out the accurate answer fr

  • Q : Lower value in the Gini index A lower

    A lower value for the Gini index tends to be related with: (w) increasing equality of the distribution of income or wealth. (x) decreases in the population’s total amount of income or wealth  (y) increased on the whole curvature of the Lore