Influence cost is a type of _____ incurred while filling positions that have similar responsibilities but carry different pay
a. deadweight loss
b. opportunity cost
c. externality
d. social cost
A
You might also like to view...
Skis and snowboards are close substitute goods. A ________ in the price of snowboards would tend to ________ the demand for ________
A) rise; increase; snowboards B) rise; decrease; snowboards C) rise; decrease; skis D) rise; increase; skis E) fall; increase; snowboards
A closed shop exists when the
a. employer is only permitted to hire union members b. union is the owner of the firm c. union members are not allowed to be hired d. employer can hire nonunion workers, but the workers must join the union within a certain time period e. firm goes bankrupt and workers lose their jobs
Inventory levels unexpectedly rise and as a result firms reduce the level of production. Which of the following is consistent with these two occurrences?
A) TP is greater than TE. B) TP is less than TE. C) TP is equal to TE. D) TP is equal to TE minus the rise in inventories above the optimum inventory level. E) none of the above
Which of the following Fed actions would both decrease the money supply?
a. buy bonds and raise the reserve requirement b. buy bonds and lower the reserve requirement c. sell bonds and raise the reserve requirement d. sell bonds and lower the reserve requirement