Collective bargaining refers to negotiations between:
a. representatives of employers and unions.
b. unions and government regulators
c. consumers and producers.
d. employers and consumers.
a
You might also like to view...
A country that dollarizes
A) maximizes its seignorage. B) earns the same amount of seignorage as it would with a currency board. C) earns the same amount of seignorage as it would with exchange-rate targeting. D) eliminates its seignorage. E) must pay seignorage to other governments to use their currency.
For each watch Denmark produces, it gives up the opportunity to make 50 pounds of cheese. Germany can produce one watch for every 100 pounds of cheese it produces. Which of the following is true with regard to opportunity costs in the two countries?
a. The opportunity cost of producing watches is higher in Denmark. b. The opportunity cost of producing cheese is higher in Denmark. c. The opportunity cost of producing cheese is identical in both countries. d. It is impossible to compare opportunity costs because the two countries use different currencies. e. In both countries combined, the opportunity cost of one watch is 150 pounds of cheese.
When investors follow a "herd instinct," they make decisions:
A. based on the sound logic of a group, rather than the individual. B. based on emotion, not objective information. C. based on hearsay, not objective information. D. as a group, inflating the prices of goods somewhat arbitrarily.
How can a corporation's board of directors and its managers try to reduce the principal-agent problem?
What will be an ideal response?