Problem
1. How do quits and layoffs help improve labor market efficiency?
2. How should one interpret the fact that-all else being equal-workers with a great deal of seniority are less likely to separate from their jobs than newly hired workers?
3. How should one interpret the fact that all else being equal-workers with a great deal of seniority earn more than newly hired workers?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.