W. Edwards Deming, the quality expert, has hinted that incentive pay is actually counterproductive. Economic analysis indicates that enhancing corporate culture and incentive rewards plans are
A. complements for each other.
B. the sources of all inefficiencies in modern businesses.
C. substitutes for each other.
D. convex functions of the technology principle.
Answer: A
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Which of the following occurs when an economic activity has a spillover benefit on third parties not engaged in the activity?
A) An economic profit B) A positive externality C) A gain in producer surplus D) A gain in consumer surplus
If both money demand and commodity demand are unstable, as many activists believe, which type of policy target(s) would most likely lead to a stable economy (assuming supply-side shocks are likely to occur)?
A) money supply target B) real GDP target C) interest rate target D) nominal GDP
A change in the value of consumer's stock market holdings will cause a shift in the consumption function
a. True b. False Indicate whether the statement is true or false
When there are fewer substitutes available for a good, _____
a. the demand for the good is unit elastic b. the supply of the good is perfectly elastic c. buyers pay less of the tax than the sellers d. sellers pass more of the tax burden to the buyers