Middle-aged workers being paid more than their younger counterparts is likely due to
A. workers prefer delaying their earnings to as late in life as possible.
B. firms using a delayed compensation scheme.
C. the natural inverse relationship between age and experience.
D. the implementation of a mandatory retirement age by the firm.
E. more recent education and job training programs being more effective than older programs.
Answer: B
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The law of demand states that as the price
A. increases, total quantity demanded will increase. B. decreases, total quantity demanded will decrease. C. increases, total quantity demanded will decrease. D. increases, total quantity demanded will stay the same.
If Bratty Brad decides not to hit Mousey Mike, what would Mousey Mike's best response be?
a. Tell b. Not tell c. Run d. Hide
Wendy's restaurants must decide whether to grow their own potatoes for French fries or buy them. If they buy rather than grow, then they have opted to
a. integrate horizontally b. allow market prices to guide resource allocation c. integrate vertically d. allow hierarchical control to guide resource allocation e. form an authority relation
The most used tool of the Fed is:
A. open market operations. B. These are all used with equal frequency. C. the reserve requirement. D. the discount window.