Which of the following is TRUE about firms organized along functional lines?
a. In functional organizations workers develop functional expertise
b. Workers find it difficult to share information within their division
c. They inhibit the exploitation of economies of scale
d. All of the above
a
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Is the image of the typical American worker as a blue-collar worker true? Substantiate your answer with facts.
What will be an ideal response?
If a government enacts a price floor on agricultural products to protect wheat farmers, the result is likely going to be
a. an increase in price with a surplus of wheat. b. an increase in price with a shortage of wheat. c. a decrease in price with a surplus of wheat. d. a decrease in price with a shortage of wheat.
Suppose that you are a manager. You are considering whether or not to monitor employees with the payoffs in the normal-form game shown below.ManagerWorker??WorkShirk?Monitor-1,11,-1?Don't Monitor1,-1-1,1What should the manager do to solve the shirking problem?
A. Never monitor. B. Always monitor. C. Engage in "random" spot checks of the workplace. D. Sincerely tell workers not to shirk.
Which would most likely increase aggregate supply?
A. A decrease in the prices of resources. B. A decrease in net exports. C. An increase in the degree of excess capacity. D. A decrease in subsidies for businesses.