Stock options as a form of payment are designed to:
A. evade the equal-pay-for-equal-work provisions of the federal antidiscrimination law.
B. boost the overall earnings of minimum-wage workers.
C. offset monopsony.
D. address the principal-agent problem.
Answer: D
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Under the right circumstances, what resource could be used in the production of gasoline?
A) Rosary beads B) A telephone operator C) Olive oil D) Computers E) All of the above.
Use of the principle of comparative advantage involves
a. specialization only. b. exchange only. c. both specialization and exchange. d. money only.
Since the 1980s,
a. monetarism reached its peak. b. the influence of the monetarists and Keynesians both eroded. c. monetarism re-established itself with a stable money/income relationship. d. monetarism declined in influence as Keyesian thought overtook it in influence.
When the selling price of a good goes up, what is the relationship to the quantity supplied?
a) the cost of production goes down b) The profit made on each item goes down c) It becomes practical to produce more goods d) There is no relationship between the two