A compensation structure that generates much higher pay rates for the top performers, while those whose productivity is only a little lower receive substantially less compensation is called

a. tournament pay.
b. winner take all.
c. dueling executives.
d. competing differentials.


a. tournament pay.

Economics

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To increase total revenue, firms with ________ demand should lower price, and firms with ________ demand should increase price.

A. elastic; inelastic B. unit; inelastic C. elastic; unit D. inelastic; elastic

Economics

Explain the proposition known as Ricardian equivalence

What will be an ideal response?

Economics

Which of the following macroeconomic variables would you include in an index of leading economic indicators?

A) Employment B) Inflation C) Real interest rates D) Residential investment

Economics

Government printing of money to finance government spending is called

A) irresponsible. B) an open-market purchase. C) sterilization. D) seigniorage.

Economics