Which of the following is NOT a way to signal high quality
a. wearing a business suit on a job interview
b. scrimping on the tip for the waiter after a dinner date
c. offering an expensive engagement ring to your bride
d. Visiting the beauty salon before a big date
b
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In the United States, which factor of production earns the largest share of the nation's total income?
What will be an ideal response?
The number of observations minus the number of estimated coefficients in a regression equation is called:
A) degrees of freedom. B) variance. C) standard error fo the regression. D) none of the above.
When the economy enters into a recession, your employer is ________ to reduce your wages because ________
A) unlikely; output and input prices generally fall during recession B) unlikely; lower wages reduce productivity and morale C) likely; output prices always fall during recession D) likely; aggregate demand is vertical in the long run
Becca Lynn Stanton is a product manager whose compensation is 100% variable pay and based on the profits earned by her product line. Since she is risk-averse, she tends to favor production proposals that increase her income and status, but she is leery of production proposals that are likely to increase profits if implemented successfully and are equally likely to decrease profits if these are not implemented properly. What would it take to get her to consider a new production system?
What will be an ideal response?