Which of the following is true?
A) Generally, the lower the country's average income, the less administrative, scientific, and technical capacity it has to design and enforce standards.
B) National priorities do not change as income changes—countries of all income levels seem to share the same priorities and values.
C) Differences in income are always an obstacle to the harmonization of standards.
D) The adoption of a common set of rules usually narrows the market and raises prices.
A
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Explicit costs are measured in dollars
Indicate whether the statement is true or false
Which of the following is NOT a difficulty with using a piece-rate contract?
A) measuring output B) eliciting the desired behavior C) gaining worker acceptance D) workers taking too much time to achieve a certain task
Banks help to overcome the problem of asymmetric information by: a. lending to a single rich borrower and not diversifying their portfolio. b. acquiring expertise in evaluating the credit histories of borrowers. c. threatening borrowers
d. offering only one type of loan. e. providing information to lenders.
Last week Stephanie quit her job as a copywriter at an advertising agency. She has spent the past few days browsing the help wanted ads but hasn't found anything that matches her skills. Stephanie is best classified as:
What will be an ideal response?