For a given compensation potential (isocost curve), an employee with a large family is more likely to pick a wage-benefit mix that emphasizes
A. incentive piece rates.
B. risk-averse commission plans.
C. wages.
D. fringe benefits.
Answer: D
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The components of aggregate expenditure that change when real GDP changes are known as
A) unplanned expenditure. B) induced expenditure. C) autonomous expenditure. D) changeable expenditure. E) planned expenditure.
The average total cost curves for Plant 1, ATC0, and Plant 2, ATC1, are shown in the figure above. Over what range of output is it efficient to operate Plant 1?
A) 0-20 B) 0-25 C) 20-25 D) greater than 25
In the Theory of Price, George Stigler points out that a monopolist is no less desirous of profits than a competitive firm. According to Stigler, what distinguishes the monopolist from other entrepreneurs?
a. strategy b. morality c. objective d. market position e. motivation
how do high tariffs and other restraints on international trade affect a nation's prosperity
What will be an ideal response?