An unspoken agreement between workers and firms that the firm will not cut wages is known as
A. employment-at-will.
B. an implicit or social contract.
C. a relative-wage contract.
D. an explicit contract.
Answer: B
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If ration coupons are used to determine who gets the products available, what happens if the government allows individuals to trade them?
What will be an ideal response?
The coupon rate is the
A) annual coupon payment divided by the face value of the bond. B) annual coupon payment divided by the market value of the bond. C) difference between the face value of the bond and its par value. D) coupon paid every 6 months divided by par value.
________ Treasury bonds tend to have lower interest rates than ________ Treasury bonds
A) Lower coupon payment; higher coupon payment B) Higher denomination; lower denomination C) Longer-maturity; shorter-maturity D) Shorter-maturity; longer-maturity
What is a policy that could help recipients of government aid avoid the poverty trap?
a. Providing aid regardless of a person’s income b. Requiring recipients to perform community service c. Setting a time limit for how long benefits can be received d. Limiting the amount of benefits a person can receive