In cases where no employer-specific skills are required for a particular job, a long-term relationship between an employer and an employee is unlikely
Indicate whether the statement is true or false
T
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GDP can be calculated by summing ________.
A. consumption, investment, government purchases, and net exports B. consumption, investment, government purchases, exports, and imports C. consumption, investment, wages, and rents D. consumption, investment, government purchases, and imports
The problem of moral hazard arises because _____
a. individuals receive insurance through their employer, who has different incentives b. individuals with insurance have no incentive to avoid insured expenditures c. some individuals have religious objections to purchasing insurance d. some individuals are immoral
If Big Lumber Company offers customers a lower price per unit of lumber if the customer purchases more than 100 pieces of lumber, this is an example of ________.
A) zero-degree price discrimination B) first-degree price discrimination C) second-degree price discrimination D) third-degree price discrimination
If the supply of a good is inelastic, a decrease in price must increase total revenue
a. True b. False Indicate whether the statement is true or false