If workers become less productive, which of the following would happen in the labor market?
a. Labor supply would decrease.
b. Labor supply would increase.
c. Labor demand would decrease and labor supply would increase.
d. Labor demand would increase and so would labor supply.
e. Labor demand would decrease.
E
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"Privatization of government owned industries is likely to increase unemployment in the short run" is a ________ statement about ________ policy.
A. positive; structural B. normative; structural C. positive; fiscal D. normative; monetary
In long-run equilibrium, the perfectly competitive firm will
A. produce to the point at which marginal cost is at its minimum. B. go out of business. C. produce to the point at which marginal cost equals average total cost. D. produce on the upward sloping portion of its ATC curve.
Prior to the 1980s, S&Ls and mutual savings banks were restricted almost entirely to
A) commercial real estate loans. B) home mortgages. C) education loans. D) vacation loans.
Straight line pay for performance
a. Eliminates the managers' incentives to lie about the budget b. Breaks the link between meeting a particular budget goal and compensation c. Rewards the manager for doing more and punishes them for doing less d. All of the above