Which of the following is NOT a difficulty with using a piece-rate contract?
A) measuring output
B) eliciting the desired behavior
C) gaining worker acceptance
D) workers taking too much time to achieve a certain task
D
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If the nominal interest rate is above its equilibrium value, then
A) the demand curve for money shifts rightward and the interest rate rises. B) the demand curve for money shifts leftward and the interest rate falls. C) people sell financial assets and the interest rate falls. D) the supply curve of money shifts leftward and the interest rate rises. E) people buy financial assets and the interest rate falls.
Economists who argue in favor of rapid deficit reduction claim that deficit reduction will
a. reduce crowding in, reduce interest rates, and increase AS. b. stimulate AD and productivity. c. trigger crowding in, increase investment, and increase AS. d. reduce crowding out, increase investment, and increase AS.
On its horizontal axis, a Lorenz curve measures:
A. cumulative percentage of family income. B. amount of family income. C. demand of families. D. cumulative percentage of families.
At an output level of 50 units per day a firm has average total costs of $60 and average variable costs of $35. Its total fixed costs are:
A. $925 B. $1,250 C. $1,750 D. $3,000