Suppose Joe Rich owns his own company and does not pay himself a salary. This means the salary he could have earned in alternative employment is considered an implicit cost for the firm
a. True
b. False
Indicate whether the statement is true or false
True
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An efficiency wage is
A) lower than a living wage. B) unfair to employers. C) a wage rate above the employees' opportunity cost. D) unlikely to be paid when monitoring is available.
You start working at age 20 and you plan to deposit $5,000 in a savings account every year for the next 45 years. a. At the end of this time, how much money will you have if the interest rate is 5%? b. You decide that's not enough money
How much will you have to save every year if you wish to have $1,000,000 when you retire?
Given the information above, the demand is
a. unitary. b. indeterminate. c. elastic. d. inelastic.
In the 1950's and 1960's the European unemployment rate tended to be ________ the U.S. unemployment rate, while in the 1990's the European unemployment rate tended to be ________ the U.S. unemployment rate.
A. lower than; lower than B. lower than; higher than C. higher than; higher than D. higher than; lower than