Within corporations, there are ________ systems that motivate individuals and teams to make the most efficient decisions on products sales.
A. automatic administrative
B. no automatic administrative
C. no automatic market-driven
D. automatic market-driven
Answer: B
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Refer to Figure 4-1. If the market price is $2.50, what is Kendra's consumer surplus?
A) $9.00 B) $7.50 C) $1.50 D) $0
Social Security benefits are determined by a complex formula that is rarely discussed publicly but the information is available on the Social Security Administration's website
A recipient's lifetime earnings is indexed and averaged over the highest 35 years of earnings to obtain an Average Monthly Indexed Earnings amount (AIME). If Social Security benefits begin at age 65 to 67, the monthly benefit in 2007 is 90% of the first $680 of AIME, 32% of AIME above $680 and less than $4100, and only 15% of AIME in excess of $4100 . For example, an individual whose indexed earnings were at the poverty level of $10,200/year would receive 78.4% of that in benefits, while an average earner of $37,000/year would receive only 44.8% of that in benefits, and individual's with above average earnings receive an even lower proportion in benefits. Using this information how could one argue that the payroll tax is not regressive?
The market power enjoyed by a particular producer depends on the number of firms in the industry
a. True b. False Indicate whether the statement is true or false
Figure 10-5
Given the aggregate demand and aggregate supply conditions depicted in , which of the following is the most likely occurrence?
a.
an increase in resource prices that will stimulate aggregate demand and direct the economy to long-run equilibrium
b.
a decrease in resource prices that will reduce costs and shift SRAS to the right, directing the economy to long-run equilibrium
c.
a continuation of this price level and output in the long run
d.
a shift in LRAS to the left as the result of an increase in the expected inflation rate