An efficiency wage is
A) lower than a living wage.
B) unfair to employers.
C) a wage rate above the employees' opportunity cost.
D) unlikely to be paid when monitoring is available.
C
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In terms of the stock market, systematic risk refers to the fact that
A) some stocks have higher returns than others. B) some stocks' returns have a higher variance than others. C) all stock prices are correlated with the health of the economy. D) most stock prices are perfectly negatively correlated.
When sellers have better information about product quality than do buyers, lower-quality products tend to become more common in the market
a. True b. False
A college education is a(n)
a. investment in human capital. b. form of innovation. c. public good. d. mediated settlement.
Which of the following is most likely to decrease supply in the market for pizza?
a. Popularity of pizza induces a greater number of fast food joints to include pizza in their menu. b. Reports reveal that eating pizza increases the risk of stomach ulcers. c. Cheese prices increase because price supports for dairy farmers are removed. d. The price of burgers increases due an increase in the price of beef.