When road construction crews work at less than 100 percent of effort during their work days in order to create overtime work for themselves, they are creating what economists describe as a
a. moral hazard problem
b. work dependency problem
c. principal-agent problem
d. efficiency wage problem
e. employment-management problem
A
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Give examples of factors that decrease short-run aggregate supply. Which way does the SAS curve shift?
What will be an ideal response?
Tax avoidance is
A. illegal in the United States. B. changing your behavior so as to reduce your tax liability. C. the same as tax evasion. D. a minor source of concern in the United States.
There is a(n) ________ relationship between a nation's rate of growth in real GDP per capita and bureaucratic inefficiency
A) direct B) inverse C) proportional D) undefined
In the United States in 2012, we produce about 1 barrel of oil for every
A) barrel of oil we export. B) barrel of oil we import. C) two barrels of oil we import. D) ten barrels of oil we import.