Question

Dale Mortensen and Christopher Pissarides used a shock process to study the exchange of this resource. George Stigler theorized that information asymmetries in the market for this resource (-5[1])cause an inverse relationship between skill and burden of solicitation. In the canonical (-5[1])monopsony model, (10[1])there is one buyer for this resource. (10[1])According to (10[1])Michael Spence’s theory of signaling, the market for this resource (10[1])incentivizes searchers to attain higher levels of education. In the United States, (-5[1])productivity and the consumer (10[1])price index are reported by a Bureau of Statistics for this resource. For 10 points, what factor of production (10[1])contrasted with leisure is typically exchanged for a wage? ■END■ (10[2]0[1])

ANSWER: labor [accept jobs; accept employment; prompt on work; prompt on wages]
<Social Science>
= Average correct buzz position

Back to tossups

Summary

2024 ACF Fall at Ohio StatefallY989%0%33%73.50
2024 ACF Fall at WashingtonfallY7100%0%0%59.57
2024 ACF Fall at GeorgiafallY12100%0%8%66.17
2024 ACF Fall at North CarolinafallY978%0%22%73.57
2024 ACF Fall at RutgersfallY7100%0%29%77.57
2024 ACF Fall at IllinoisfallY10100%0%0%59.10

Buzzes

PlayerTeamOpponentBuzz PositionValue
Reed Sexton (UG)Michigan D (UG)Jefferson County Scholars (DII)27-5
Arjun Saulnier (DII)CWRU B (DII) Miami B (UG) 40-5
Jason Thieu (DII)Michigan State A Michigan A (UG) 4210
Peter Zeng (DII)Ohio State B (DII) Michigan B (UG)4910
Mohamed Musa (DII)Ohio State C (DII) West Virginia A (UG) 5110
Daniel Luebs (DII)Michigan State B CWRU C (UG)6110
Daniel Huang (DII)Michigan C Ohio State A (UG) 73-5
Andrew Stappenbeck (DII)CWRU A (UG) Miami A (UG) 7710
Bailey Steed (DII)Miami C (DII) West Virginia B (UG) 9610
Yuki Brown (DII)Miami B (UG) CWRU B (DII) 10610
Trey Stephens (DII)Jefferson County Scholars (DII)Michigan D (UG)10610
Matthew Lam (DII)Ohio State A (UG) Michigan C 1060