As far as contributions to a professional sports team's bottom line are concerned, players generally receive
a. about what they are worth.
b. about half of what they are worth.
c. about ten times more than what they are worth.
d. about twice what they are worth.
a. about what they are worth.
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Incentives work by changing the trade-offs faced by individuals
Indicate whether the statement is true or false
A labor union composed of workers in the same occupation is called
A) a craft union. B) an industrial union. C) a company union. D) a closed shop.
In general we may note that inflation:
A. doesn't necessarily harm purchasing power. B. always decreases purchasing power. C. always increases purchasing power. D. should try to be avoided at all costs.
The chairman of the Federal Reserve:
A. is one of the most important economic positions in the United States, if not the world. B. has significant direct control over the conduct of monetary policy by the central bank. C. is appointed by the President and confirmed by Senate for a four-year term. D. All of these are true.