Which one of the following statements about piece rate compensation schemes is false?
A. They discourage nepotism.
B. They tie pay to performance.
C. They are preferred by discriminatory firms.
D. They attract more able workers.
E. They elicit high levels of effort.
Answer: C
You might also like to view...
If output equals 50,000 and full employment real GDP equals 45,000, then this economy has a(n)
A. demand gap. B. employment gap. C. recessionary gap. D. inflationary gap.
The Constitution created an environment conducive to economic growth and development because the federal government could constitutionally do all of the following except
(a) Levy uniform taxes (b) Coin money and regulate its value (c) Regulate commerce, thus prohibiting states from erecting barriers to the interstate movement of goods (d) Set "fair" prices on the private sale of goods in the marketplace
At his current level of output, a monopolist has an MR of $10, an MC of $6, and an economic profit of zero. If the market demand curve is downward sloping and his or her marginal cost curve upward sloping, the monopolist
A. is producing his or her profit-maximizing level of output. B. could increase his or her profit by increasing his or her output. C. could increase his or her profit by increasing his or her price. D. should exit the market if he or she has positive fixed cost.
Under what conditions would the APC equal the MPC at all levels of disposable income?
A. When the aggregate expenditure line is horizontal. B. When disposable income is greater than consumption. C. When there is saving at very high levels of disposable income. D. When autonomous consumption equals 0.