All of the following are likely consequences of inadequate detail in job analysis information except _____.
A. high labor costs
B. unhappy employees
C. lawsuits
D. unhappy customers
A. high labor costs
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If Jane can produce 3 pairs of shoes per hour, while Bob can produce 2, then ________ has a(n) ________ advantage in producing shoes.
A. Jane; absolute B. Jane; comparative C. Bob; comparative D. Bob; absolute
A tradeoff is
A) represented by a point inside a PPF. B) represented by a point outside a PPF. C) a constraint that requires giving up one thing to get another. D) a transaction at a price either above or below the equilibrium price.
Refer to the above figure. At a price of three cents, a(n) ________ of bubble gum will exist in the market
A) surplus B) shortage C) equilibrium quantity D) excess quantity supplied
All of the following are reasons that trade between nations is beneficial EXCEPT
A) gains from specialization. B) exchange of ideas. C) protection of domestic industries. D) gains from trade.