Professional athletes attempting only to maximize income will defer larger salaries if:
A. deferred payouts are adjusted upward to compensate for forgone interest.
B. it increases the team's chance to win.
C. there is no chance of inflation.
D. it allows them to stay in a city and not to have to move their family.
A. deferred payouts are adjusted upward to compensate for forgone interest.
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Refer to Table 9-16. Looking at the table above, real wages ________ from 2014 to 2015, and real wages ________ from 2015 to 2016
A) fell; fell B) fell; rose C) rose; fell D) rose; rose
Alan could most directly apply the principles of economic decision making with respect to his job when:
A. deciding how to spend his paycheck. B. deciding which girl to marry. C. deciding what to have for dinner after a long day at work. D. deciding which route on his way to work is the most scenic.
When oligopolists join together in a cartel, they
a. have chosen to ignore interdependence. b. have admitted that their behavior is interdependent. c. are planning to violate the law of supply and demand. d. are trying to behave like perfect competitors.
In economic terms, “productivity” means the number of goods and services ______
a. a worker can produce per hour b. the fastest worker produces per hour c. produced per full-time employee d. sold in an economy per year