• Card 84 / 145: Labor adjustment costs are
    A) the costs of shifting workers from declining sectors of the economy to the growing sectors.
    B) reductions in the value of collateral.
    C) valuable assets that are pledged to a lender to secure a loan.
    D) the tendency for economic activities to be coordinated at common points in time.

    Answer:
    A) the costs of shifting workers from declining sectors of the economy to the growing sectors.

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Macroeconomics MCQ

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