Micro Economic theory assumes full employment. (State whether the statement is TRUE or FALSE)
Answers
Answered by
5
True hope so it is right !!
Answered by
6
Answer:
True
Explanation:
Micro Economic theory assumes full employment. - True
Full employment is an economic condition in which the most effective way possible is to use all available labor resources. Full employment is the greatest quantity of qualified and unqualified work that can be hired at any specified moment within an economy,
Thus, full employment relates to the financial situation in which each person is employed. Full employment in economic theory means the business situation in which labour demand is equal to the labour supply at every point of real wage.
Similar questions