What is personnel economics?
What will be an ideal response?
Personnel economics is the application of economic analysis to human resource issues, such as compensation packages, promotions, training, and pensions.
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If the current account balance has a $70 million deficit and there was no change in official reserves during that year, then we know that
A) net transfers were -$70 million. B) the capital account balance must have a $70 million deficit. C) the balance of payments must register a $70 million surplus. D) the official settlements account balance must have a $70 million surplus. E) the capital and financial account balance must have a $70 million surplus.
Inland passage times were reduced primarily through
a. increasing the speeds of the boats themselves. b. shorter layover times. c. the government activity to clear the rivers of natural obstructions. d. learning to operate the boats at night.
From the "economic perspective," people make purposeful decisions based on hypotheses.
Answer the following statement true (T) or false (F)
A monopolist hires fewer workers than a perfectly competitive industry, other things being equal, because
A) a monopolist has to pay higher wages in order to attract additional workers. B) the monopolist substitutes more capital for labor when compared to a competitive industry. C) the monopolist producer has to deal with unions and face higher wages than do competitive industries. D) the monopolist produces less output than a competitive industry.