What are the consequences of outsourcing production on the welfare of countries?
What will be an ideal response?
By taking advantage of cost differentials between countries, both countries can enjoy gains from trade. However, income distribution effects will result in winners and losers. Gains from trade are therefore thought of in terms of net gains in which the winners could compensate the losers and still be better off.
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The components of a well-run incentive compensation scheme include all of the following EXCEPT
a. evaluating the identified performance measures b. avoiding rewards for outcomes that are not included in the performance measures c. demonstrating that evaluators can be influenced with small favors d. identifying the relevant measures on which to evaluate employees
_________________ —a term describing a good in which the quantity demanded falls as income rises and in which quantity demanded rises and income falls.
a. Complement good b. Inferior good c. Normal good d. Superior good
What would a rightward shift of the labor demand curve indicate?
a. Firms want to hire more workers than before at any given wage rate. b. Households want to supply more hours of work than before at any given wage rate. c. Firms want to pay a lower wage rate than before at any given level of employment. d. Households want to supply fewer hours of work than before at any given wage rate. e. Firms want to hire less workers than before at any given wage rate.
Of the children who grew up in long-term poverty (those living at least 9 years of their childhood in poverty), what percentage of them are from black families?
A. 50. B. 60. C. 70. D. 80.