Many people are offended when they learn that the CEO of a charitable organization makes a salary commensurate with a CEO of a private company that is run for profit
Explain why it would be a mistake for charitable organizations to pay their CEOs less than companies that are driven by profit?
It would be a mistake because it would eventually lead to a shortage of CEOs for charitable organizations. Presumably the same types of skill that are required as a CEO for a for-profit company are very similar to the skills required to head up a non-profit firm. If candidates see a significant wage differential they will flock to the one with the higher wage and salary all other things equal.
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_________ are more inclined to keep the government hands off the economy and favor adhering to fixed rules.
A. Conservatives B. Liberals C. Politicians D. None of the above is correct.
If Veronica withdraws $1,500 from her savings account and deposits it in her checking account, then M1 will ________ and M2 will ________
A) increase; decrease B) increase; not change C) not change; decrease D) not change; not change
Since price tends to equal marginal utility, the price of water is low and the price of diamonds is high.
Answer the following statement true (T) or false (F)
Employees at the university have negotiated a 5 percent increase in wages for the next year, based on their inflation expectations. If inflation is actually 6 percent over the next year, which of the following will occur?
A) Inflation will be 5 percent the following year. B) Real wages for university employees will fall. C) The increase in inflation is expected. D) Unemployment of university employees will rise.