Which of the following is an example of a positive incentive?
a. You expect to be grounded if your grades slip below a B average
b. You expect to receive a scholarship if your grades remain high.
c. Desserts will be unavailable at the cafeteria if you arrive after 7:00 p.m.
d. Campus police institute a policy of impounding cars parked in delivery zone spaces.
b
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Which of the following is true for the period from Independence to 1860?
(a) The system of indentured servitude died out because it was seen to be immoral and inconsistent with the Constitution. (b) The system of slavery flourished because the relative price of slaves fell consistently. (c) The system of wage labor flourished as immigrant labor poured into the newly opened western lands. (d) European immigrants typically shunned agricultural labor as their ticket to the good life.
Refer to the payoff matrix below. If Cruise R Us uses a mixed strategy, what probability for offering Specials should the firm use to equate Cruise the World's expected profits from offering a Special or not offering a special (No Special)?
Cruise R Us and Cruise the World compete in the cruise line industry. Each firm needs to determine if they are going to offer special cruise packages with special rates or not offer the specials. The above payoff matrix shows the firms' net economic profit for each set of strategies.
A) 0.33 B) 0.25 C) 0.75 D) 0.50
Fluctuations in the foreign ________________ rate can affect an economy’s ability to repay its outstanding international debt in the short run.
a. unemployment b. exchange c. production d. return
Economic models suggest that movie stars have salaries that
a. can only be explained by looking at specific movie stars and their individual salaries. b. are about equal to their marginal revenue products. c. understate their full contribution to the movie studio's revenue-as the celebrities are the main reason that people go to see movies. d. greatly exceed their marginal contribution to the movie studio's revenue.