A firm that finds it extremely expensive to monitor the output of each worker will likely pay its workers
A. according to how much each worker produces.
B. with incentive pay.
C. with time rates.
D. on commission.
E. with piece rates.
Answer: C
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Which of the following transactions would be included in the GDP of the United States?
A. Honda produces cars in Ohio. B. Coca Cola produces soft drinks in England. C. McDonalds sells hamburgers in Russia. D. Ford Motor Company produces cars in Mexico.
When a start-up company meets with success and the entrepreneur needs to achieve economies of scale, it would not make economic sense to consider an IPO
a. True b. False
Suppose that a five-year Treasury bond pays 2.5 percent and a five-year corporate bond pays 8.5 percent, then what is the interest rate spread on this particular corporate bond?
A. 5 percent B. 6 percent C. 7.5 percent D. 9.0 percent
According to the quantity theorists, the reason for inflation is _________.
Fill in the blank(s) with the appropriate word(s).