A _____ requires workers to comply with orders from a boss, who need not consult them when making decisions, and to be paid for their cooperation
a. residual claimant
b. hierarchy
c. shareholder
d. cooperative
B
You might also like to view...
Refer to the above figure. Which diagram shows the effect on the market of Corn Flakes when the price of Corn Flakes has increased?
A) graph C B) graph D C) neither graph D) both graphs
What situation best explains why the government would impose price ceilings?
a. The government wants to help producers that have built up large amounts of debt. b. There are too many producers flooding the market with the good. c. Income substantially increases, which shifts the demand curve to the left. d. A series of substantial crop failures shift the supply curve of food to the left. e. Technological changes occur, shifting the supply curve to the right.
Barriers to entry only exist for monopoly markets
a. True b. False Indicate whether the statement is true or false
Under the law of supply, any decrease in price will cause ________ in quantity supplied
a. an increase b. no change c. a decrease d. constant change