The benefit to employers of deferred-payments is that
A) adverse selection is eliminated.
B) employers cannot engage in any opportunistic behavior.
C) these payments raise the cost of being fired, so more monitoring is needed.
D) these payments raise the cost of being fired, so less monitoring is needed.
D
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Which of the following would cause labor's share of national income to increase?
A) Labor productivity increases less rapidly than the real wage rate. B) Labor productivity increases more rapidly than the real wage rate. C) Labor productivity has increased at the same rate as the real wage rate. D) Labor's share of national income is not affected by the relative growth rates of labor productivity and the real wage rate.
A typical 50-year-old male earns: a. one-third more than a male in his early 20s
b. nearly twice the income of a male in his early 20s. c. one-third less than workers over 65. d. nearly twice the income of workers over 65.
Economic models are most often composed of diagrams and equations
a. True b. False Indicate whether the statement is true or false
An example of a real-life rule that might constrain people's behavior is:
A. having 24 hours in a day. B. the earth's limited supply of oil. C. minimum wage legislation. D. All of these are examples of real-life rules.