A common incentive owners offer managers is
A) the year-end bonus.
B) stock options.
C) profit sharing.
D) All of the above.
D
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Advocates of competitiveness as a argument for trade protection
a) apply an adversarial business model to international trade b) confuse economic growth with comparative advantage c) favor protection of capital-intensive industries d) fail to appreciate the role of industrial restructuring e) all of the above
Which of the following is NOT a solution to correct for negative externalities?
a. regulations b. taxes c. charges d. subsidies
In recent years new automobile factories have opened in California and Ohio and closed in Detroit where the unemployment of automobile workers has increased. This unemployment could be decreased if
A) "moving costs" from Detroit to California and Ohio were reduced. B) information about the new jobs was made available to the unemployed workers at reduced cost. C) workers with the appropriate skills were relatively scarce in Ohio and California. D) all of the above.
One characteristic of cattle that makes them unsuitable as a medium of exchange is that they are not easily divisible
a. True b. False Indicate whether the statement is true or false