According to Figure 6.1, the period from 1996 to 2011 is particularly remarkable for the rapid growth of ________
A) productivity
B) labor input
C) output
D) capital input
D
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Economists generally prefer greater effort made to force internalization of externalities through taxes rather than using alternative approaches, such as establishing pollution standards
a. True b. False Indicate whether the statement is true or false
Oligopolists behave independently of each other.
Answer the following statement true (T) or false (F)
The Social Security Fund is designed as
A) a pay-as-you-go system. B) an investment portfolio that individual contributors can make periodic payments into. C) an account that allows periodic withdrawals by contributors. D) an individual account with a federal reserve bank.
Why, in the labor market, are contracts often designed to include a variable salary component that is tied to some measure of performance?
A. Most people are risk-averse and thus variability in their compensation leads to higher total utility. B. These contracts tend to attract employees with the lowest probability of switching jobs. C. Firms use such contracts to differentiate between high- and low-quality workers. D. Such contracts are considered the fairest to employees under fair labor standard laws.