Firms use hostages
A) to force employees to work.
B) to encourage good behavior.
C) to get employees to work for less money.
D) None of the above.
B
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As inflation increases, households become ________ uncertain leading to ________ spending.
A. more; more B. less; less C. more; less D. less; more
It is argued that import substitution is a misguided trade policy if the intent is to promote long-term economic growth. Explain the reasons underlying this argument
What will be an ideal response?
A tax that takes the same percentage of tax from all taxpayers is called a:
A. proportional tax. B. progressive tax. C. regressive tax. D. lump-sum tax.
When a player in a game adopts a strategy which always yields the highest benefit regardless of what the other player does, that player is using a(n)
A. dominant strategy. B. aggressive strategy. C. opportunistic strategy. D. tit-for-tat strategy.