Which of the following is not a reason for firms to choose a salary system rather than a commission system to compensate their employees?
A) If workers are paid on the basis of the number of units of output they produce, they may become less concerned about quality.
B) Commission compensation systems are riskier for employees than a salary system, and many workers dislike risk.
C) Research has shown that most companies will find that a salary system will be more profitable than a commission system.
D) It is often difficult to attribute output to particular workers.
C
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Refer to the scenario above. If this game is repeated several times, Beth will ________ and Charles will ________
A) not trust; defect B) trust; defect C) trust; cooperate D) not trust; cooperate
About how many malnourished children under age five are there in the developing world?
a. 20 million b. 150 million c. 500 million d. 1 billion e. 2 billion
You observed last week that the price of organic tomatoes in Ames was $4 per pound and that the total quantity of organic tomatoes consumed in Ames was 50 pounds. This week, you observe the price of organic tomatoes increased to $5 per pound and consumption decreased to 30 pounds. What is the elasticity of demand for organic tomatoes?
A. -2 B. -1.6 C. -1 D. -0.625
Referring to Figure 18.3, a depreciation of the dollar is represented by a movement from point:
A. c to d. B. b to a. C. a to c. D. c to a.