If you believe that a worker should be paid on the basis of what he or she produced, you believe in
A) the egalitarian principle.
B) the productivity standard.
C) the benefits standard.
D) the comparative worth principle.
B
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Which one of the following would supply dollars to the foreign exchange market?
a. the sale of U.S. automobiles to a Mexican consumer b. the spending of British tourists in the United States c. the purchase of Canadian oil by a U.S. consumer d. the sale of a U.S. corporation to a Saudi Arabian investor
Which of the following would impose the greatest costs to society?
A. High levels of expected inflation B. Low levels of expected inflation C. Variable rates of inflation D. Stable rates of inflation
Exhibit 5-6Use the table below to answer the following question(s). Nominal GDP GDP Year(billions) deflator Year 1 600 100.0 Year 21,000 133.3 Refer to Exhibit 5-6. Between Year 1 and Year 2, the general level of prices increased by approximately:
A. 16.7 percent. B. 33.3 percent. C. 66.7 percent. D. 133.3 percent.
A firm should exit an industry if price is less than average cost.
a. true b. false