Question

Which type of firm would you rather work for? One who lays people off, or one that cuts everyone’s hours? Why? Think about the tradeoffs involved. Please use marginal analysis (ref. chapter 1) in your reasoning, and back up any claims you make with some documentation.

If a law was passed that required all firms to cut hours instead of lay people off, so that everybody was guaranteed a job and only hours worked fluctuated (instead of experiencing joblessness), what do you think the economic consequences would be? Specifically:;

Answer 1

the one that cuts every ones hours

Step-by-step explanation:

because the one that lays people off u won't have a job not paying bill the one that cuts hours because u work less but still get paid