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 cause an inverse relationship between skill and burden of solicitation. In the canonical monopsony model, there is one buyer for this resource. (10[2])According to Michael (10[1])Spence’s (10[1])theory of signaling, (10[1])the market for this resource incentivizes searchers to attain higher levels of education. (10[1])In the United States, productivity and the consumer price index are reported by a Bureau of Statistics for this resource. (10[1])For 10 points, what factor of production contrasted with leisure is typically exchanged for a wage? ■END■