As a result of moving more decision making from the center toward the periphery of the organization, typically
a. the flow of information to the decision maker that is relevant to the decision should be enhanced
b. the flow of information from the decision maker that is relevant to the decision should be enhanced
c. the incentives to make good decisions should be strengthened
d. the incentives to make good decisions should be weakened
c
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Unemployment related to job search is known as ________
A) cyclical unemployment B) frictional unemployment C) structural unemployment D) tertiary unemployment
The demand for dollars will increase when
A) real interest rates in the United States fall. B) U.S. labor productivity increases relative to the world. C) the world is perceived as more stable than it used to be. D) U.S. residents develop a taste for more imported products.
The reason why the price level does not change along the horizontal segment of the aggregate supply curve is because
a. the price increases for some goods are offset by the price decreases for other goods b. unused resources can be put to work without creating any upward pressure on prices c. the government fixed the price of resources so that they cannot increase in price when employment levels rise d. GDP rises rapidly so that the price level does not rise e. GDP rises slowly so that the price level does not rise
If a health economist is worried that a system of health insurance will break down because of the problem of adverse selection, that economist may focus on ________ as a solution to that problem.
A. lowering insurance premiums B. mandation C. moral hazard D. eliminating pre-existing condition clauses