The price survey of the goods contained in the CPI market basket is conducted
A) every ten years, along with the Census.
B) infrequently, because of its high cost.
C) every year.
D) monthly.
E) every quarter.
D
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If the government allows businesses to accelerate (increase) depreciation, then
A) the user cost of capital declines and V* increases. B) the user cost of capital declines and V* decreases. C) the user cost of capital increases and V* decreases. D) the user cost of capital increases and V* increases.
The market for insurance is one example of reducing risk by using diversification
a. True b. False Indicate whether the statement is true or false
Peter was recently hired as a salesman for a national consulting firm. His job involves spending a significant portion of his time out of the office visiting prospects and attending conferences. Which of the following is a strategy the consulting firm may employ to discourage Peter from shirking his responsibilities?
a. Tell Peter that the shareholders want to earn a large profit this year. b. Stop paying Peter bonuses based on how much he's sold. c. Allow Peter to set his own schedule and work from home frequently. d. Pay Peter an above-equilibrium wage.
A large employer gives each new hire an aptitude test, which is scored from 1 to 20. Let T be a worker's score on the test. The firm then pays a new worker a wage of w = 0.6T + 0.4G where G is the average test score for the worker's gender: 16 for women; 12 for men. How much more is a woman paid than a man when both scored a 10 on the test?
A. $0.80 B. $0.40 C. $0.20 D. $1.60 E. $3.20