A compensation scheme that pays salespeople a percentage of the sales they make is attempting to reward
a. work effort.
b. loyalty to the firm.
c. years of schooling.
d. years of experience.
a
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International trade benefits
A) only the exporter. B) only the importer. C) both the exporter and the importer. D) neither the exporter nor the importer. E) the exporter at all times and sometimes also the importer.
What assumptions in the perfect competition model ensure that economic profit is zero in the long run? Explain
What will be an ideal response?
As a general rule, free trade:
A. acts to equalize the supply of and demand for factors of production across countries. B. causes factor prices to converge across countries. C. increases the supply of factors that are domestically scarce. D. All of these are true.
The effect lag occurs because it takes policymakers some time to recognize that a problem exists in an economy
a. True b. False Indicate whether the statement is true or false