Under deferred compensation packages,
A) a moral hazard occurs if a firms fires a good worker before the worker receives her deferred compensation.
B) a moral hazard occurs if workers decide not to shirk so as to receive the deferred compensation.
C) moral hazards are avoided.
D) workers' wages are below their marginal revenue product as they near retirement.
A
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The United States imposes tariffs
A) only on imports. B) only on exports. C) on both imports and exports. D) on imports, exports, and nontraded goods.
One reason why African elephants are endangered is _____
a. the low cost of hunting exhibitions b. exploitation by zoo owners c. many natural predators d. governments often prohibit private ownership
The balance of payments is divided into three main sections: ______.
a. the current account, the balance account, and the credit discrepancy. b. the debit account, the credit account, and the net balance account. c. the current account, the financial account, and the statistical discrepancy. d. the import account, the export account, and the foreign asset account.
Refer to the information provided in Figure 26.8 below to answer the question(s) that follow.
Figure 26.8Refer to Figure 26.8. Suppose the economy is currently at Point A producing potential output Y0. If the government decreases spending, the economy moves to Point ________ in the short run and to Point ________ in the long run.
A. B; C B. D; E C. C; B D. B; D