Holding wages constant, any increase in productivity will decrease business costs, improve profitability, and encourage more production.
Answer the following statement true (T) or false (F)
True
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It is possible that trade based on external scale economies may leave a country worse off than it would have been without trade. Explain how this could happen
What will be an ideal response?
A solution to the budget-gaming problem is
a. Introduce milestones or kinks in the compensation scheme b. Use a target based pay function with each target scoring greater return c. Do not base compensation on meeting a particular budget goal d. All of the above
According to recent public opinion polls, what percentage of Americans are satisfied with the quality of the medical care they receive?
a. 40 percent b. 80 percent c. 15 percent d. 70 percent e. 60 percent
If increases in government regulations have increased the cost of producing gasoline-powered lawnmowers, you accurately predict that in the market for gasoline-powered lawnmowers, there will be a(n)
A. decrease in the supply of gasoline-powered lawnmowers, an increase in the price, and a decrease in the quantity demanded. B. decrease in the quantity supplied of gasoline-powered lawnmowers, a reduction in the price, and an increase in the quantity demanded. C. decrease in the supply of gasoline-powered lawnmowers, an increase in the price, and a decrease in the demand. D. increase in the supply of gasoline-powered lawnmowers, an increase in the price, and a decrease in the demand.