Efficiency wages can be used to
A. prevent self-selection of employees.
B. reduce influencing activities.
C. compare the relative performance of employees.
D. retain firm-specific human capital.
Answer: D
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? Newspaper recycling has been highly successful—perhaps too successful, given that many households gather and return their newspapers to recycling centers. The amount of newspapers recycled has dramatically increased, along with the number of recycling plants. Yet newspapers prefer regular newsprint over recycled newsprint, so the demand for recycled newsprint has remained essentially unchanged. The result of this for the recycled newsprint market is
A. a decrease in the supply and a higher price for recycled newsprint. B. an increase in the supply and a lower price for recycled newsprint. C. an increase in the supply and a higher price for recycled newsprint. D. a decrease in the supply and an increase in the demand for recycled newsprint.
Which of the following is a major area of study for economists?
a. How countries choose national leaders b. The design of recycling water c. The best way to design a nature reserve d. How people make decisions
Economic development in DVC often focuses on capital accumulation. Why?
What will be an ideal response?
The cyclical deficit is the portion of the deficit
A) that would exist if the economy were at full employment. B) that does not add to the national debt. C) that is the result of nondiscretionary federal spending. D) created by fluctuations in real GDP. E) that is the result of discretionary federal spending.