The old saying is "Be careful what you pay for, because you may get it." Discuss commission based salaries and gaming in light of the saying.
What will be an ideal response?
Commission based salaries will direct effort to the tasks that will enhance the employee's commissions. Employees on commission may neglect other aspects of their job that don't figure into the immediate sale but are important for the company in other respects.
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Capital gains are the profit earned from the sale of
A) stocks. B) real estate. C) bonds. D) all of the above.
In recent years, the ratio of earnings of the typical U.S. college graduate to the earnings of the typical high school graduate without additional education has
a. risen as the demand for skilled labor has increased relative to the demand for unskilled labor. b. risen as the demand for skilled labor has decreased relative to the demand for unskilled labor. c. fallen as the demand for skilled labor has increased relative to the demand for unskilled labor. d. fallen as the demand for skilled labor has decreased relative to the demand for unskilled labor.
Geometrically, marginal cost at any level of output may be interpreted as the slope of
A. the total cost curve at that level of output. B. the average variable cost curve at that level of output. C. a ray to the total cost curve at that level of output. D. the isoquant at that level of output.
Figure 14-2
If the Fed anticipates that the conditions illustrated by AD1 and SRAS in will be present in the near future, it should
a.
shift to a more restrictive policy.
b.
shift to a more expansionary policy.
c.
request that Congress raise tax rates.
d.
refuse to buy any more U.S. securities.