The gift exchange motive suggests that
A. workers prefer a nice work environment, even if they must accept lower wages.
B. workers value benefits like health insurance more than job security.
C. workers who feel well treated will work harder and more efficiently.
D. workers will shirk if they are paid a low wage.
Answer: C
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Which of the following policies supports the concept of continual adjustment of the money supply to achieve macroeconomic goals?
A. Restrictive policy. B. Fixed rules. C. Discretionary policy D. Fiscal policy.
In a competitive market, maximum efficiency is achieved because of:
A.) Competitive pressure on prices. B.) Differentiated products. C.) High barriers to entry. D.) Significant market power.
The government budget involves:
A. money coming in as tax revenues. B. money going out to individuals for programs that do not involve goods or services. C. money going out through government purchases. D. All of these are true.
Other things equal, biodiesel becomes economically viable (as or less costly than using oil) when oil prices reach _____ or more per barrel
A. $60 B. $80 C. $100 D. $120