If firms pay employees an efficiency wage:
a. absenteeism would be expected to decrease.
b. turnover would be expected to increase
c. training costs would likely increase.
d. more shirking on the job is likely to occur.
a
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In what sense is it meaningful to say that fighting poverty is a public good?
Innovation lagged in the centrally planned economies because:
A. there was too much domestic business competition. B. there was too much competition from foreign firms. C. enterprises resisted innovation in fear that their production targets would be raised. D. exports had to equal imports for the plan to work.
If the equilibrium price of a good increases and the equilibrium quantity of the good decreases, we can conclude that:
A. demand increased. B. demand decreased. C. supply increased. D. supply decreased.
According to this Application, which of the following were given to parents who immunized their children?
A) dal (a common Indian food) B) a set of cooking pans C) rupees D) both A and B