Without money, no transaction can occur
a. True
b. False
Indicate whether the statement is true or false
False
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According to Pigou, the socially optimal quantity
a. is QO b. is QE c. eliminates area A+B+C+D. d. creates area E.
The components of a well-run incentive compensation scheme include all of the following EXCEPT
a. evaluating the identified performance measures b. avoiding rewards for outcomes that are not included in the performance measures c. rewarding workers who for meet performance measures d. displaying the wealth disparities between the executives and the line workers
The high pay of professional basketball players
a. is earned despite the recent drop-off in popularity of pro basketball b. reflects the increased supply of skilled basketball players c. is not justified by the quantity of their play d. is due to the decline in quality of college basketball players e. reflects the limited supply of basketball talent and the growing demand for that talent
Which of the following is most sensitive to monetary policy?
a. Government expenditure b. Consumption spending c. Utility spending d. Investment spending