Which of the following statements is true?
A) A higher wage can raise profits if productivity is directly proportional to wages.
B) A higher wage can reduce the quantity supplied of labor.
C) A higher wage can increase the quantity demanded of labor.
D) A higher wage can raise profits if productivity of workers is fixed.
A
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Efficiency occurs if the:
A. socially optimal quantity of goods and services is being produced. B. market is in equilibrium. C. individually rational quantity of goods and services is being produced. D. government does not interfere with market prices.
Which of the following will be a source of economic growth
a. an increase in inflation b. an improvement in technology c. a reduction in the labor force d. an increase in JSU football touchdowns
Over ninety-five percent of all new businesses that open each year in the United States employ ________ workers
A) only one or two B) fewer than 20 C) 50 or more D) over 100
Benchmarking may be a problem if
A. the current architecture is relatively unstable and proposed changes add huge benefits. B. the current architecture is relatively stable and proposed changes add little benefits. C. the current architecture is relatively stable and proposed changes add huge benefits. D. the current architecture is relatively unstable and proposed changes add little benefits.