Labor market efficiency requires that each worker be allocated to:
A)the job offering the highest wage available
B)the job offering the best fringe benefits available
C)his or her optimal job
D)his or her optimal job,and that each firm implements its optimal compensation package

Question

Quizplus · Accepted Answer

Labor market efficiency is achieved when workers are allocated to their optimal jobs and firms implement their optimal compensation packages, ensuring the best fit between employees' skills and job requirements, as well as aligning incentives between employers and employees.

Labor Market Efficiency Requires That Each Worker Be Allocated To