Workers who dislike risk
A) prefer to be paid a salary rather than a wage.
B) prefer a salary system to a commission compensation system.
C) prefer to be paid monthly rather than weekly or daily.
D) prefer a piece-rate compensation system to a salary system.
B
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As capital deepening occurs, there will be
A) decreases in depreciation and decreases in saving. B) increased real wages and economic growth. C) decreased real wages and decreases in saving. D) economic growth and decreases in depreciation.
Differentiate between the quantity effect and price effect of a price cut by a monopoly
What will be an ideal response?
If Chileans buy more U.S. stocks and bonds and U.S. residents buy more Chilean wine, then
a. both U.S. net exports and U.S. net capital outflows rise. b. U.S. net exports rise and U.S. net capital outflows fall. c. U.S. net exports fall and U.S. net capital outflows rise. d. both U.S. net exports and U.S. net capital outflows fall.
If a 5 percent fall in the price of a product causes the quantity demanded of the product to increase by 10 percent, the demand is:
A. perfectly elastic. B. elastic. C. inelastic. D. unit elastic.