When the production of a worker is relatively easily observable, the firm can pay a piece-rate
Indicate whether the statement is true or false
True . A firm needs to measure the output of a worker to be able to pay him according to his production. When this is easy, piece-rates are more likely.
You might also like to view...
Under an exchange-rate targeting rule for monetary policy, a crawling peg
A) fixes the value of the domestic currency to a commodity such as gold. B) fixes the value of the domestic currency to that of a large, low-inflation country. C) allows the domestic currency to depreciate at a steady rate so that inflation in the pegging country can be higher than that of the anchor country. D) allows the domestic currency to depreciate at a steady rate so that inflation in the pegging country can be lower than that of the anchor country.
All of the following statements about secondary credit are true EXCEPT
A) they are temporary, short-term loans to satisfy seasonal requirements. B) the secondary credit interest rate is set above the primary credit rate. C) it is intended for banks not eligible for primary credit. D) borrowers of secondary credit are less financially healthy.
Between 1960 and 1995, Social Security benefits:
A. decreased from 35 percent down to 10 percent. B. increased from 10 percent to 35 percent. C. increased, decreasing the poverty rate among the elderly from 35 percent down to 10 percent. D. decreased, increasing the poverty rate among the elderly from 10 percent to 35 percent.
If the market share of the largest firm in an industry is 40 percent, then theoretically, the highest possible Herfindahl-Hirschman Index for this industry would be
A. 1,600. B. 3,600. C. 4,000. D. 6,400.