The LEAST risky payment plan from the viewpoint of the worker is:

A. piece rate.
B. hourly wage.
C. profit sharing.
D. revenue sharing.


Answer: B

Economics

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Adam Smith and David Ricardo worked together to develop the law of comparative advantage.

Answer the following statement true (T) or false (F)

Economics

When the economy is going strong the:

A. demand for workers increases. B. supply of workers increases. C. demand for workers decreases. D. supply of workers decreases.

Economics

This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.According to the graph shown, if this economy were an autarky, consumers would get area:

A. A in consumer surplus. B. ABCDEFG in consumer surplus. C. ABCD in consumer surplus. D. ABC in consumer surplus.

Economics

For two goods, X and Y, to be classified as substitutes, it must be the case that:

A. when the price of X rises, the demand for Y increases. B. X and Y are identical. C. when the price of X rises, the demand for Y decreases. D. consumers tend to purchase both items together.

Economics