It would be undesirable to reduce the executive's compensation if her earnings are due largely to:
A. performance.
B. the employee's demand.
C. the owner's demand.
D. a flat fee.
Answer: A
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Farmers selling some of their soybeans in storage because they anticipate a lower price of soybeans in the near future would cause a
A. movement up along the current supply curve of soybeans. B. rightward shift in the current supply of soybeans. C. movement down along the current supply curve of soybeans. D. leftward shift in the current supply of soybeans.
Refer to Scenario 10.9. What is the profit maximizing level of output?
A) 0 B) 30 C) 45 D) 60 E) none of the above
If excess reserves are $10,000, demand deposits are $100,000, and the required reserve ratio is 10 percent, then total reserves are
A. $0. B. $110,000. C. $20,000. D. $10,000.
One potential problem with using fiscal policy to close recessionary output gaps is that:
A. sustained government deficits can be harmful to long-run economic growth. B. it may be offset by automatic stabilizers. C. reductions in interest rates can reduce savings and, therefore, investment. D. decreased government spending can cause inflationary pressure to build.