A piece rate compensation system
A. underemphasizes the quantity of output produced.
B. attracts and benefits the most able workers.
C. has no disadvantages.
D. decreases a firm's productivity.
E. inherently hurts minorities.
Answer: B
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All else equal, a decrease in government borrowing is likely to cause a(n):
A) upward movement along the credit demand curve. B) rightward shift of the credit demand curve. C) leftward shift of the credit demand curve. D) downward movement along the credit demand curve.
In China, firms owned by the government are known as
A) state-owned enterprises (SOEs). B) government enterprises. C) corporations. D) government owned partnerships.
The ability to produce a good at a lower opportunity cost than someone else is called
A) competitive production. B) comparative advantage. C) selective advantage. D) absolute advantage.
Trades between risk lovers and risk takers
a. Move assets to lower-value use b. Move assets to higher value use c. Create wealth d. Both B&C