Which one of the following statements best describes profit sharing?
A. It discourages free-riding among workers.
B. It is a program that donates profits to the poor.
C. It ties pay to the performance of individuals.
D. It provides a system by which workers receive a share of the firm's profits.
E. It is an equal division of all revenues among workers.
Answer: D
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The figure above shows Clara's demand for CDs. If the price of a CD were to increase from $15 to $25, Clara's total consumer surplus for all the CDs she buys would
A) decrease by $40. B) remain unchanged. C) decrease by $90. D) increase by $80.
Social insurance programs are conditioned on events, rather than means
Indicate whether the statement is true or false
Sue just quit her job as a librarian to pursue her lifelong dream of getting a job as a teacher. Sue would be considered:
A. frictionally unemployed. B. structurally unemployed. C. seasonally unemployed. D. Sue is not in the labor force.
Which of the following statements reflect sound economic reasoning?
What will be an ideal response?