Browsing on the Job The Dunder-Miflin Paper Company has been suffering an even greater spate of shirking by the accounting staff ever since its employees got access to the Internet on their desktop computers. Why did this not affect the sales staff as much?
The accountants are very likely salaried employees whose compensation does not depend on how much effort they exert. In contrast, the sales staff is likely paid on commission which makes goofing off on the Internet will come at the expense of more sales and will therefore reduce their income.
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The existence of unemployment can be illustrated on a production possibilities curve by a(n)
A. point below or inside the surface of the curve. B. inward shift of the curve. C. movement along the curve. D. outward shift of the curve.
In a goods market, sellers have higher bargaining power if:
A) the good being traded has close substitutes. B) there are several firms in the industry. C) there are just a few firms in the industry. D) there are just a few buyers in the market.
In the above figure, the total producer surplus at the efficient level of output is ________
A) $4.5 million B) $9.0 million C) $2.5 million D) $3.0 million
It has often been remarked that Democratic candidates are more liberal in the Democratic primaries and Republican candidates are more conservative in the Republican primaries than either is in the general election. The explanation for this is most probably that
A) they are facing politically different opponents in the two elections. B) the median voter preferences are more to the left (right) in the primaries than in the general election. C) more people vote in the general election than in the primaries. D) candidates are not as likely to locate the position of the median voter in the (earlier) primaries as they are in the (later) general election.