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Which of the following best describes the problem of moral hazard in the labor market? Group of answer choices Potential employees have no incentive to
Which of the following best describes the problem of moral hazard in the labor market? Group of answer choices Potential employees have no incentive to reveal their true abilities or skill levels when applying for a job opening, and employers would like to know this information. Once workers are hired, employers want to motivate those workers to work hard and be productive even though the workers would likely rather slack off. Earning profits by hiring employees is exploitation and is unethical. Honesty isn't always the best policy - morality can be hazardous
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