If a firm hires lazy employees,
A) it must pay them differently or hard-working employees will engage in moral hazard.
B) it must pay them more or hard-working employees will engage in moral hazard.
C) it must fire them before their laziness spreads to hard-working employees.
D) the lazy employees make hard-working employees look good.
A
You might also like to view...
The slope of a curve measures
A) only the change in the horizontal variable. B) the length of the curve. C) only the change in the vertical variable. D) the change in one variable in response to the change in the other variable.
A decrease in the price level in an economy will _____
a. shift the aggregate demand curve to the right b. shift the aggregate demand curve to the left c. increase the level of aggregate quantity demanded d. decrease the level of aggregate quantity demanded e. shift the aggregate expenditure line downward
If a competitive firm is currently producing a level of output at which marginal cost exceeds marginal revenue, then
a. a one-unit increase in output will increase the firm's profit. b. a one-unit decrease in output will increase the firm's profit. c. total revenue exceeds total cost. d. total cost exceeds total revenue.
Which of the following shows the demonstration effect?
a. Ads that reveal the weak points of advertising b. Ads that make consumers want something they never wanted before c. Ads that push products that need to be shown how to use d. Ads that cause controversy among critics of advertising