With modern sector enrichment growth, inequality will
a. first rise and then fall.
b. first fall and then rise.
c. remain about the same.
d. None of the above.
Answer: d. None of the above.
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Which of the following is NOT an advantage of firm coordination of economic activity?
A) Firm coordination decreases transactions costs. B) When firms coordinate economic activity, there are no opportunity costs. C) Firms can take advantage of the economies of team production. D) Economies of scope can be realized by firms that produce a range of goods and services that share specialized resources.
The above figure shows the marginal benefits and marginal costs of a college education. If a subsidy of $5,000 is paid to the colleges, then colleges charge tuition of
A) $0. B) $5,000. C) $10,000. D) $15,000.
Daring Dora holds 90% of her assets in high-technology stocks, earning 12%, and 10% in long-term government bonds, earning 6%. The expected return on her portfolio
A) is 6%. B) is 9%. C) is 11.4% D) is 12%. E) cannot be determined without knowing what the dollar value of her assets is.
To incentivize employees
a. Measure performance, whether formally or informally b. Tie the performance metrics to compensation c. All of the above d. None of the above