Which of the following statements is false?
A. Bonuses are paid in addition to base salary.
B. Bonuses are frequently linked to performance.
C. Free-riding can result from a compensation scheme that gives competitive individual bonuses.
D. Free-riding can result from profit sharing.
E. Profit sharing redistributes profits back to the workers.
Answer: C
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With identical firms, constant input prices, and all the other characteristics of a competitive market
A) the long run equilibrium price is the minimum of the average cost curve. B) a shift in demand will change the equilibrium price and quantity. C) the long run and short run equilibria are identical. D) Both A and B.
All other factors equal, if the costs of converting bonds and other financial securities to a means of payment decrease:
A. nominal interest rates should decrease. B. the transactions demand for money should increase. C. it shouldn't impact the transactions demand for money. D. the transactions demand for money should decrease.
A carbon tax placed on a fossil fuel:
A. is a pollution tax based on the carbon content of the fuel. B. is a form of marketable pollution permit. C. is often used in conjunction with command-and-control carbon policies. D. will not change the price of the fossil fuel taxed.
Which of the following statements about pollution or pollution control is TRUE?
A) A nationwide uniform tax on emissions is the appropriate way to reduce pollution levels. B) A tax to reduce pollution levels should be based on the economic damages rather than on the absolute amount of pollution. C) Private costs of pollution usually exceed social costs. D) The optimum amount of pollution abatement is where the total benefits of pollution abatement equal the total costs of pollution abatement.