The rate at which an employer provides an incentive for an employee to perform (to increase effort) is the:
A. risk-sharing premium.
B. efficient bargaining solution.
C. incentive coefficient.
D. informativeness quotient.
Answer: C
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The minimum value of the Herfindahl-Hirschman Index (HHI) is ________ and the maximum value is ________.
A) 0; 10,000 B) 100; 1,000 C) 100; 10,000 D) 1; 1,000
Which of the following best describes a stock rather than a flow? a. Each week, you save $100
b. Each week, you buy $10 worth of gasoline. c. Each week, you buy $50 worth of groceries d. You earn $500 per week at your job. e. You own $5,000 worth of government bonds.
Answer the following statement(s) true (T) or false (F)
1. An individual supply curve is a graphical representation of the quantity of goods and services that all the individual producers are willing and able to supply at various prices. 2. A shift in the entire supply curve is called a change in quantity supplied. 3. The supply of a good increases if the price of one of its substitutes in production falls. 4. If producers expect a higher price in the future, they will supply less now than they otherwise would have.
Economists are generally in support of:
A) government restrictions on trade. B) free international trade. C) tariffs to restrict trade. D) subsidizing exports.