MoneyMinds Inc, a finance company, wants to reduce its cost. The CEO was against firing employees and suggested that instead they could reduce the salary of each employee. However, soon after the mandate was approved, most of the productive workers started resigning. The can be explained by the _____
a. efficiency wage theory
b. insider-outsider model
c. adverse selection of wage cuts argument
d. relative wage coordination argument
c
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To be part of the supply for a good, a producer must be
A) only willing to supply the good. B) only able to supply the good. C) both able and willing to supply the good. D) both able and willing to supply the good, and have already identified a buyer. E) both able and willing to supply the good, and have already sold the good.
In many political elections, states often hold a primary election, and the winners of the primary election face off in the general election. This method of voting is called a ________ election
Fill in the blank(s) with correct word
Which of the following provides the clearest example of human capital?
A) Automated equipment that can be used without any accompanying human labor B) Corporate stock owned by individuals and families rather than institutions such as mutual funds or corporations C) Machinery that has been designed and constructed by human beings D) Tools that cannot be used effectively except in combination with workers E) The ability to read
When an employee at a grocery store scans the price of your items, bags the groceries, and collects your paper, the individual has provided
A) physical capital. B) entrepreneurship. C) a service. D) land.