If an employer pays employees according to the volume of business revenue they individually generate, then the employer is applying the
A) productivity standard.
B) merit standard.
C) contributive standard.
D) all of the above.
Answer: D
You might also like to view...
The U.S. aggregate demand curve shifts leftward if
A) the economic conditions in Europe improve so that European incomes increase. B) there is a tax cut. C) the Federal Reserve increases the interest rate. D) the exchange rate falls.
If goods X and Y are complements, then the cross price elasticity of demand will be
A) elastic. B) greater than zero but less than 1. C) negative. D) positive.
More education and training usually lead to higher levels of
A. productivity. B. population. C. pollution. D. import protectionism.
If an economy is fully utilizing its resources, it can produce more of one product only if it
A. adds more people to the labor force. B. doubles manufacturing of the product. C. reduces the price of the most expensive products. D. produces less of another product.