FancyFoods belongs to the Restaurant Trade Association. One of the services that the trade association provides is monthly data on total regional sales of restaurants. In designing a bonus system for employees, this service:
A. may deceive the owners from knowing what is actually happening in the region.
B. may provide low-cost information for performance contracts.
C. would not be useful because it is too expensive.
D. would not provide useful information for performance-based contracts.
Answer: B
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The unemployment rate is an important economic statistic that can tell us about the health of the economy. If the unemployment rate turns out to be high or higher than anticipated, we would expect
A) that jobs are less difficult to find. B) it is more likely that an incumbent president will be re-elected. C) that investors will be more optimistic about the economy. D) that stock prices are more likely to fall.
Incrementalism makes sense from a politician's perspective, because _____
a. it keeps all government employees happy b. it eliminates the cost of preparing a budget c. it maximizes political support by giving all special interests something d. they want to be seen in favor of bigger government
The Bureau of Labor Statistics determines which prices are most important to the typical consumer by surveying consumers
a. True b. False Indicate whether the statement is true or false
How do automatic stabilizers, on both the expenditure and revenue sides of the budget, respond during a recession?
What will be an ideal response?