The cost to a manager of doing a poor job running the firm is:
A. a decrease in his fixed salary.
B. a decrease in the sales of the firm.
C. an increase in the likelihood of being replaced.
D. a decrease in the profit of the firm.
Answer: C
You might also like to view...
An uncrowded toll road is ________ because it is ________
A) a public good; both nonrival and nonexcludable B) not a public good; nonrival but excludable C) not a public good; nonexcludable but rival D) not a public good; both rival and excludable
If there is a change in the ability of a firm to produce a given level of output with a given level of inputs, we say there is
A) an increase in labor productivity. B) a movement along a given per-worker production function. C) technological change. D) human capital investment.
According to many economists, as nations become wealthier, what happens to family sizes?
A) They increase. B) They decline. C) There is no effect. D) They increase, but later in life.
The Heckscher-Ohlin Theorem predicts
A) who benefits and who loses from trade. B) which factors are abundant. C) the income distribution effects of trade. D) which goods will be exported.