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Chapter 16: Q. 7 (page 398)

What are some ways a seller of labor (that is, someone looking for a job) might reassure a possible employer who is faced with imperfect information?

Short Answer

Expert verified

By giving resumes, licenses, certificates, professional degrees, and other documents, the seller of labor can comfort the buyer who has incomplete information.

Step by step solution

01

Definition of labor.

Labour is a commodity that is provided by workers, normally in return for a compensation paid by requesting firms.

02

Step 2. Explanation of solution.

A labor seller that provides jobs needs a few documents that detail the person's knowledge and personal information so that the seller can ensure the employer that they will be satisfied with their work. Provide the following information for this labor seller to comfort a potential employer who is dealing with incomplete information for someone looking for work:

  • Recommendations
  • Resumes
  • Transcripts from school
  • Professional Experience
  • Occupational Permit

A few documents, as determined by state or country legislation and occupation, are required, for example, a state license and a professional degree. As a result, documents demonstrating abilities and knowledge are required for a labor seller to reassure a potential employer.

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