Which of the following is not an example of efficiency wages?
a. More productive workers are paid more to reflect their higher output.
b. Higher wages induce higher output from workers.
c. Better quality applicants apply for jobs that pay above-equilibrium wages.
d. Workers are less likely to leave jobs that pay above-equilibrium wages.
a
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Which of the following is an example of foreign direct investment?
A) American Airlines builds a hub in China. B) A stock broker from China sells you a Chinese government savings bond. C) You buy a plane that was made in China. D) You purchase a plane ticket to China on American Airlines.
If identical firms sell an undifferentiated product, advertising is likely to be
A) used to attack the rivals' products B) collectively undertaken by the industry group C) strategically aimed at deterring entry D) focused on secret ingredients
Refer to the above table. How many workers will this firm hire if the weekly wage rate is $900?
A. 28 B. 27 C. 29 D. 26
Refer to the information provided in Figure 4.3 below to answer the question(s) that follow.
Figure 4.3Refer to Figure 4.3. An example of an effective price ceiling would be government setting the price of pencils at
A. $0.40. B. $0.45. C. $0.50. D. $0.55.