Starting from the 1990s, there was a significant shift toward
A. granting employees narrower decision authority and more specialized functions.
B. granting employees narrower decision authority and less specialized functions.
C. granting employees broader decision authority and less specialized functions.
D. granting employees broader decision authority and more specialized functions.
Answer: C
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Why do multinational corporations typically pay vastly different wage rates for the same work in different countries?
A) Prospective employees have much better alternative opportunities in some countries than in others. B) The cost of living is much lower in some countries than in others. C) The demand for labor is much more elastic in some countries than in others. D) Supply and demand determine wage rates in some countries but not in others. E) Unions exist in some countries but not in others.
If velocity is 6 and the quantity of money is $2 trillion, what is nominal GDP?
A) $12 trillion B) $6 trillion C) $3 trillion D) $333 billion
Real labor income is given by ________
A) MPL × L B) labor share of income × labor productivity × labor C) labor share of income × output D) all of the above E) none of the above
By 2016, the dollar value of the debt had climbed:
A. to 104 percent of GDP. B. to just under $500 billion. C. to $800 billion. D. down to 80 percent of GDP.