5. Explain why a draft system might cause the U.S. military to overemploy labor and underemploy capital

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5. Explain why a draft system might cause the U.S. military to overemploy labor and underemploy capital (from society’s perspective). Speculate about why the army increasingly contracts out construction and maintenance work to private firms now that it is voluntary.

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Contemporary Labor Economics

ISBN: 9780073375953

9th Edition

Authors: Campbell McConnell, Stanley Brue, David Macpherson

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