Which is not true regarding a delayed-compensation contract?
A. It discourages workers from shirking.
B. An effective one requires a mandatory retirement age.
C. It necessarily costs more in labor costs than a time rate system.
D. It is associated with an upward-sloping age-earnings profile.
E. It decreases employee turnover within the firm.
Answer: C
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Serious environmental problems are
A. unique to industrial economies. B. unique to Western economies. C. unique to civilized economies (i.e., those in which people live mainly in cities). D. experienced by centrally planned and market-based economic systems.
Refer to Figure 36.4 for the dollar-yen foreign exchange market. A decrease in demand from D1 to D2 could have been caused by
A. A poor performance by the Japanese stock market compared to the U.S. stock market. B. A quota placed on Japanese television imports to the United States. C. A decrease in the demand for U.S. computers. D. An increase in the number of Japanese visitors to the United States.
Which of the following statements about U.S. exports and imports is true?
a. Exports comprise a higher percentage of GDP than imports do. b. Quotas serve to keep the ratio of exports to imports constant. c. Since 1960, exports and imports typically have not risen above 5% of GDP. d. Since 1960, both exports and imports have grown as a percentage of GDP.
Refer to the information provided in Figure 20.5 below to answer the question(s) that follow.
Figure 20.5Refer to Figure 20.5. The domestic price of oil is $130 per barrel, and the world price of oil is $120 per barrel. If the domestic government imposes a tariff of $10 per barrel, it will
A. import 5 million barrels. B. export 5 million barrels. C. export 7 million barrels. D. import zero barrels.