If a company wants an employee to average about $14.00 per hour to produce 60 units per hour, in addition to a base salary of $7.00 per hour, what should be the incentive rate per hour?
A. $0.117
B. $8.54
C. $1.25
D. $0.333
Answer: A
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Two variables are unrelated if their graph is i. a vertical line. ii. a 45 degree line. iii. a horizontal line
A) i only B) ii only C) iii only D) i and iii E) i, ii, and iii
One economically valid approach to regulation is simply to break all large firms into many smaller ones.
Answer the following statement true (T) or false (F)
Suppose right now the inflation rate is 3 percent and the unemployment rate is 4 percent, but 10 months from now unemployment has dropped to 1 percent. Based on the Phillips curve, what else can you assume about the economy 10 months from now?
a. Inflation will also be 1 percent. b. Real wages will be 1 percent higher. c. Inflation will still be very near 3 percent. d. Inflation will be greater than 3 percent.
A politician, who wants to receive the maximum number of votes, spends 9 hours a week speaking to various groups. The table below shows his estimates of how time spent with each group will affect the number of votes he receives: 
Based on the information above, how should the politician allocate his speaking time?
A. 5 hours to LPM, 2 hours to TM, 2 hours to LCL B. 4 hours to LPM, 2 hours to TM, 3 hours to LCL C. 5 hours to LPM, 1 hours to TM, 3 hours to LCL D. 3 hours to LPM, 3 hours to TM, 3 hours to LCL