Which of these is an advantage of long-term contracts in resource markets?
A) Long-term contracts decrease the duration of recessionary gaps. B) Long-term contracts reduce unemployment below its natural rate. C) Long-term contracts help avoid recession in an economy. D) Long-term contracts increase the flexibility of nominal wages. E) Long-term contracts reduce the average cost of negotiation.
A) All groups are teams. B) Groups are teams with a high level of task interdependence. C) Unlike teams, groups are associated with an organizational objective. D) Some groups are just people assembled together in the same physical area. E) Groups are teams without a unifying relationship.