Examples of incentive pay include
a. allowing employees a certain number of personal days
b. providing onsite parking for employees
c. bonuses for meeting deadlines
d. offering a certain number of sick days
c
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Explain how it is possible for a downward-sloping demand curve to have a constant slope but still have a variation of elasticity of demand along it
What will be an ideal response?
Under a fixed exchange rate system, the central bank of a country experiencing a balance of payments surplus will:
A) increase the supply of domestic currency to prevent currency depreciation. B) increase the demand for domestic currency to prevent currency depreciation. C) increase the supply of domestic currency to prevent a currency appreciation. D) increase the demand for domestic currency to prevent a currency appreciation.
For the average homeowner, which of the following tasks is most likely to be contracted for?
a. fixing a shelf b. hanging a painting c. moving furniture d. rewiring the kitchen lighting e. repainting a bedroom
The input-substitution effect of an increase in the wage comes about because higher wages:
A. increase production costs, and final good prices will rise, reducing the quantity demanded of the product. B. increase production costs, and final good prices will rise, increasing the quantity demanded of the product. C. make labor less expensive as an input, leading firms to switch to labor as an input. D. make labor more expensive as an input, leading firms to switch to other inputs.