Computers and laser scanners are ________ for low-skilled labor and ________ for high-skilled labor. The introduction of these technologies ________ the wage rate of high-skilled workers and ________ the wage rate of low-skilled workers
A) complements; substitutes; raises; lowers
B) substitutes; complements; lowers; raises
C) substitutes; complements; raises; lowers
D) complements; substitutes; lowers; raises
C
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If the Federal Reserve increases interest rates
A) the demand curve for U.S. dollars shifts rightward and the supply curve of U.S. dollars shifts leftward. B) the demand curve for U.S. dollars shifts leftward and the supply curve of U.S. dollars shifts rightward. C) the demand curve for U.S. dollars and the demand curve for European euros both shift rightward. D) the demand curve for U.S dollars shifts leftward and the demand curve for European euros shifts rightward.
Which of the following is a behavioral implication of bounded rationality?
A) unbounded selfishness B) a rule of thumb C) a rational mistake D) a nervous breakdown
Backloaded compensation encourages
A) employee turnover. B) employee rollover. C) principals to be agents. D) employees to stay with the firm.
The simplest way for a monopoly to arise is for a single firm to
a. decrease its price below its competitors' prices. b. decrease production to increase demand for its product. c. make pricing decisions jointly with other firms. d. own a key resource.