Based on the Swedish experience, it can be hypothesized that U.S. unions might be less resistant to workplace change if U.S. unions were more protected both culturally and as a matter of law.
Answer the following statement true (T) or false (F)
True
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Which of the following is true of price elasticity?
A) When the price elasticity equals 0, we have unitary elasticity where the percentage change in volume is equal to the percentage change in price. B) Price elasticity is almost always a negative number due to the inverse relationship between price and volume. C) Prestige products that can see an increase in demand when their prices are increased have negative price elasticity. D) Price elasticities between –1 and –10 are inelastic because the percentage change in volume is greater than the percentage change in price. E) Price elasticities between zero and -1 are considered elastic, as the percentage change in volume is less than the percentage change in price.
Laws would have no discernible meaning without the courts to interpret and apply them.
Answer the following statement true (T) or false (F)
What is the one acute problem of dichotomous questions?
A) There is potential for position bias. B) It is difficult to obtain information on alternatives not listed. C) The response can be influenced by the wording of the question. D) none of the above
Katrina’s organization is hiring for low-skilled jobs in an industry where unemployment is high and it is easy to find replacement workers. Adopting a(n) ______ organizational philosophy on compensation could allow her to hire plenty of workers.
A. wage compression B. below-market C. pay for longevity D. skill-based pay