The term competencies refers to the set of skills, knowledge, and personal attributes possessed by the superior performer.
True
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A fall in the price of a firm's output
A) decreases the firm's demand for labor. B) increases the firm's demand for labor. C) decreases the firm's supply of labor. D) increases the firm's supply of labor.
In 2002 the steel industry successfully lobbied Congress to impose a tariff of 8 to 30 percent on foreign steel. Which of the following is an unintended consequence of this tariff?
(a) U.S. steel firms were protected from the price cutting efforts of foreign competitors benefiting from governmental support in their countries. (b) U.S. steel firms could charge higher steel prices in order to boost profits. (c) Many steel-using firms in the U.S. went out of business and about 200,000 workers lost their jobs to higher steel prices. (d) American steel workers kept their jobs.
Compared to the traditional mortgage amortization schedule, "interest-only" mortgages and "negative-amortization" mortgages require
A. larger principal payments later in the mortgage. B. no principal payments later in the mortgage. C. constant principal payments later in the mortgage. D. smaller principal payments later in the mortgage.
In the early 2000s, Chinese officials indicted members of a forgery syndicate that sold several hundred diplomas to high school graduates who needed the diplomas to take employment tests. This situation, where having the certificate of knowledge is more important than the knowledge itself, is known as:
A. the brain drain. B. human capital. C. certification. D. credentialism.