Codetermination refers to
a. allowing worker participation but only at the shop floor.
b. allowing representatives of labor on management boards.
c. turning trade unions into company unions.
d. the alliance between government and labor unions in Germany.
e. all of the above.
B
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The opportunity costs of labor is largely determined by
A) demand. B) supply. C) need. D) greed.
If there is a decrease in world oil prices and the Fed wishes to maintain output stability, what should it do?
a. Buy bonds in the open market. b. All the economy to adjust itself. c. Sell bonds in the open market. d. Impose higher taxes to counteract the supply shock. e. Lower taxes to maintain output.
If crowding out occurs, the Main Burden of the debt is
a. smaller government assets passed along to the next generation. b. smaller capital stock passed along to the next generation. c. fewer government services during this generation. d. higher debt payments passed along to the next generation.
Which of the following statements best reflects how a behavioral economist views individual decision making?
A. Alex makes wrong decisions sometimes, but usually it is only when he has been given bad information. B. Kara carefully calculates and weighs the expected benefits and costs of every option before making a decision. C. Alicia may appear to care about others, but even her seemingly altruistic behaviors are really about furthering her own interests. D. Balin tries to make good, well-thought-out decisions, but his desire for utility in the present means that he often gives in to costly temptations.