Employers choose to offer efficiency wages because:
A. they give employees an incentive to work hard to keep their jobs.
B. it will reduce turnover, saving the employer time and money to hire and train new workers.
C. it has proven to make workers more productive.
D. All of these are true.
D. All of these are true.
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Which of the following statements about the importance of trade to the U.S. economy is true?
A) Overall, about 80 percent of U.S. manufacturing jobs depend directly or indirectly on exports. B) The United States is the second largest exporter in the world. C) The U.S. economy is highly dependent on international trade for growth in its gross domestic product. D) Since 1950, both exports and imports have steadily decreased as a fraction of U.S. gross domestic product.
The market demand is the:
a. sum of all individual demand curves in a market. b. sum of all individual prices in a market. c. sum of all individual demand curves and supplies in a market. d. vertical sum of all individual demand curves.
Which statement is false?
A. Health and safety regulations diverted resources from investment. B. Higher energy costs stimulated economic growth. C. Environmental protection legislation slowed economic growth. D. Government regulation has increased the cost of doing business.
There are several reasons why incomes are unequal, including differences in luck, experience, and schooling.
Answer the following statement true (T) or false (F)