What do economists call the practice of hiring workers who may not be necessary?
a. ghost shifting
b. featherbedding
c. blank contracting
d. overstocking
b. featherbedding
You might also like to view...
Nations that borrow from abroad to support current investment will
A) always sacrifice future consumption. B) sacrifice future consumption only if the investments are profitable. C) always be better off in the future. D) be better off in the future if the investments are profitable.
Assume that the required reserve ratio is 10 percent. A bank has deposits of $1,000,000 and cash of $500,000 in the Fed. The bank has demand deposits equal to $1,500,000. Given this information, the bank has excess reserves of
A) $850,000. B) $350,000. C) $1,350,000. D) None of the above.
Modern mixed economies
A. generally alter the outcome of market processes in a manner that is believed to be in the social interest. B. attempt to redistribute income to make the distribution of income more equitable. C. rely on the government as well as the market to effect the distribution of goods and services. D. undertake all of the actions listed.
Suppose that a per-unit subsidy is granted to each individual who consumes a product providing external benefits to society at large. Each individuals demand curve will shift ________, and the market demand curve for the product will shift ________.
A. to the right; to the left B. to the right; to the right C. to the left; to the left D. to the left; to the right