To avoid wage compression,
A) employees probably need to change companies.
B) employees need to speak to their supervisors.
C) employees need to sign a deferred compensation contract.
D) managers need to pay above the minimum wage.
A
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If the current account balance is -$100 billion, net interest = $0, net transfers = $0, then
A) the country is loaning abroad. B) there was an increase in net foreign assets. C) exports are greater than imports. D) the capital and financial account balance must be +$100 billion. E) imports are greater than exports.
Society's resources include
a. land and labor b. labor and machinery c. land, labor, and capital d. land, capital, and money e. labor, capital, and money
Which of the following most likely involves buying an inferior service?
a. going on a cruise b. seeing a Broadway show c. streaming a video d. attending a rock concert
The government budget constraint implies that
A) government borrowings = government spending+ transfers - taxes and user charges. B) government borrowings = taxes and user charges + government spending - transfers C) government spending = transfers - taxes and user charges - government borrowing. D) government spending = government borrowing - transfers - taxes and user charges