Pay-for-performance systems seek to deal with the:
A. Unemployment problem
B. Monitoring problem
C. Discouraged worker problem
D. Principal-agent problem
D. Principal-agent problem
You might also like to view...
The average price of gasoline in June of 2008 in the United States was $3.79 . This was up by 82 cents from the previous year. Forecasters are expecting a drop in gasoline consumption of about 1% for the first time in 16 years
Even though this is a historic moment what do the figures still demonstrate about the elasticity of demand for gasoline? If the price increases go unabated what is likely to happen to the long-run price elasticity for gasoline and why?
Suppose you run a pizza shop and currently have two employees. If you hire a third employee, your output of pizzas per day rises from 55 to 65. If you hire a fourth employee, output rises to 80 per day. A fifth and sixth employee would cause output to rise to 90 and 95 per day, respectively. Pick the correct statement:
A. Diminishing returns set have not yet set in because output is still increases. B. Diminishing returns set in with the hiring of the sixth worker. C. Diminishing returns set in with the hiring of the fourth worker. D. Diminishing returns set in with the hiring of the fifth worker.
The foreign purchases effect on aggregate demand suggests that a:
A. Fall in our domestic price level will increase our imports and reduce our exports, thereby reducing the net exports component of aggregate demand B. Fall in our domestic price level will decrease our imports and increase our exports, thereby reducing the net exports component of aggregate demand C. Rise in our domestic price level will increase our imports and reduce our exports, thereby reducing the net exports component of aggregate demand D. Rise in our domestic price level will decrease our imports and increase our exports, thereby reducing the net exports component of aggregate demand
Compliance with wage and price controls by unions and businesses is strictly voluntary
a. True b. False Indicate whether the statement is true or false