Which of the following statements about featherbedding is correct?
A. It may or may not increase the demand for labor.
B. It may or may not increase wages.
C. It forces a firm to hire more workers than it needs.
D. All of these
Answer: D
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There is no elasticity of substitution that is inconsistent with tastes being homothetic.
Answer the following statement true (T) or false (F)
An important problem with corporations is
A) the inability of the government to control and tax the firms. B) the possibility of large liabilities for the owners. C) the separation of ownership and control. D) the difficulties with raising financial capital.
Currently, how much of the U.S. national debt is owed to foreigners?
a. About 2.5 percent. b. About 25 percent. c. About 30 percent. d. About 59 percent.
Hourly wages solve the problem of monitoring waiters' performances for a restaurant owner
Indicate whether the statement is true or false