Globalization means that firms recruit top talent from the global talent pool. Globalization means that the payoffs won by the contest winners ________
A) increase in size
B) do not change in size
C) might increase, decrease, or not change depending on whether the demand for contests changes by more than, less than, or the same amount as the supply of contests.
D) decrease in size
A
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The standard way to measure the effects of debt in an economy is to look at the stock of debt relative to
A) the total budget. B) GDP. C) total government spending. D) federal tax revenue.
The EU's antitrust chief in November 2008 fined car glass producers Asahi, Pilkington, Saint-Gobain and Soliver more than 1.3 billion euros ($1.66 billion) for price-fixing, the largest sum ever levied by the EU for a cartel
Price fixing is a violation of ________. A) price fixing legislation B) antitrust law C) Federal Trade Commission D) Division of the U.S. Department of Justice
The total utilities associated with the first 5 units of consumption of good X are 15, 30, 40, 47, and 50, respectively. What is the marginal utility associated with the third unit?
a. 15. b. 70. c. 85. d. 10. e. 45.
An increase in price expectations shifts the long-run Phillips curve, but not the short-run Phillips curve
a. True b. False Indicate whether the statement is true or false