One drawback of deferred payments is that
A) employees may shirk anyway.
B) employers might fire high achievers to avoid paying higher wages or bonuses.
C) it is difficult to determine who are the good and who are the bad workers.
D) employees have to work for the firm for a long time.
B
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Which of the following statements is true?
A. A competitive market economy cannot achieve both productive efficiency and allocative efficiency simultaneously. B. A competitive market can achieve productive efficiency without achieving allocative efficiency. C. A competitive market cannot achieve productive efficiency without also achieving allocative efficiency. D. A competitive market can achieve allocative efficiency without achieving productive efficiency.
The marginal physical product of labor is the
A) total output divided by the number of labor employed. B) wage that must be paid to labor. C) value of sales divided by additional labor used. D) change in output generated by a unit change in labor.
Supply-side economics focuses on the
A. size of the tax multiplier. B. marginal tax rate. C. average tax burden. D. federal income tax share of GDP.
Currently, the U.S. national income and product accounts (NIPA) use what type of price index to calculate real GDP?
A) Fixed-weight B) Variable-weight C) Chain-weight D) Heavy-weight