Many large companies offer employees time off during the workday to attend seminars on how to improve their health. Some even give bonuses to people who show that they are adopting healthy lifestyles by, for example, weighing in before and after the holidays to show that they are following a sensible diet. Other than showing that they "care" about their employees and trying to minimize the number of days missed from work, why would a company adopt a program like this?
What will be an ideal response?
If the company is involved in an insurance program that prices its employees' medical insurance based on the "experience rating" system, the employer's health insurance costs go down if its employees go to the doctor less frequently. A program that results in healthier employees will thus save the company money in insurance premiums.
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Trade, both within and across national borders, ________
A) discourages specialization in production B) exploits absolute advantage C) reduces interdependence among nations D) increases productive efficiency
Economic regulation is government policy designed to
a. improve health and safety in products and in working conditions b. prevent firms from monopolizing or developing a cartel in existing competitive markets c. eliminate existing monopolies by breaking them apart into many smaller firms d. create monopolies by forcing competitive firms to merge e. control price and output in industries where monopoly is desirable
Bank C receives a deposit of $40,000 . If the required reserve ratio in the economy is equal to 25 percent, the final change in demand deposits of Bank C will be equal to:
a. $160,000. b. $200,000. c. $100,000. d. $150,000.
Answer the following statement true (T) or false (F)
1) Neoclassical theory suggests that to the extent impulse buying occurs, it is infrequent and does not affect the ability of economic models to predict behavior. 2) Placement of goods in grocery and other retail stores is often done with the objective of encouraging impulse buying. 3) Heuristics generally help people make fewer errors in their decisions. 4) Heuristics generally help people make fewer errors in their decisions.