Which of the following is not likely to help a firm motivate its workers to put forth more effort?
A. providing competitive year-end bonuses
B. implementing a profit-sharing scheme
C. providing a free or subsidized company gym and/or cafeteria
D. installing monitoring equipment
E. All of these are likely to motivate workers to put forth more effort.
Answer: E
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GDP is used by economists to measure
A) the market value of final goods and services produced over a particular time period. B) the overall well-being of society enjoyed over a particular time period. C) the overall efficiency of the macro economy over a particular time period. D) the economic strength of the nation.
The marketing people at Ben and Jerry's Ice Cream Company believe that if they lower the price of their Cherry Garcia flavor ice cream by 25 percent, the quantity demanded will increase by 5 percent. If they are correct in their belief, then
A) the demand for Cherry Garcia is price elastic. B) their total revenue from Cherry Garcia will increase if they lower the price. C) the demand for Cherry Garcia is income elastic. D) their total revenue from Cherry Garcia will decrease if they lower the price.
Trade that is within a country or between countries is based on the principle of
A) comparative advantage. B) scarcity. C) competition. D) absolute advantage.
Despite the Obama administration's support of the Trans-Pacific Partnership (TPP), the AFL-CIO labor union has argued that the TPP will not
A) protect the environment.
B) ensure safe imports.
C) create jobs.
D) all of the above