Waiters, barbers, and bellhops are paid primarily through tips because
a. managers can easily assess their productivity
b. managers are better at judging their productivity than are consumers
c. consumers can judge their productivity easily
d. it's always been done that way
e. union regulations require this form of payment
C
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The data in the table above are the U.S. balance of payments. The data show that
A) the United States has a current account surplus. B) the United States has a capital and financial account surplus. C) The United States loaned $400 billion to the rest of the world. D) Both answers A and B are correct.
In the long run, all inputs are variable
a. True b. False
Economists define a labor market with only one buyer to be:
a. a monopoly. b. an oligopoly. c. a monopsony. d. perfectly competitive. e. backward bending.
A study by Kathryn Edin and Laura Lein found that
A. virtually all single mothers—whether working or receiving public assistance—had to supplement their income with money from relatives, boyfriends, or the absent father of their children. B. most welfare families lived very comfortably on their public assistance checks, supplemented by Medicaid, public housing, and food stamps. C. only half the number of Americans officially below the poverty line were actually poor. D. government assistance hurt the poor much more than it helped the poor.