While production teams are important sources of productivity in business, they can suffer from the ________ problem.
A. free rider
B. benchmark
C. externality
D. reneging
Answer: A
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Which of the following equations is correct?
a. Y = C + I + G + NCO b. NX = NCO c. NCO = S - I d. All of the above are correct.
Private entrepreneurs are likely to make better investment decisions than central planners because
A) failure of a government project will reduce the personal wealth of the planners involved in the decision. B) the entrepreneurs can often turn a project's failure into a request for additional funding to rectify the "problem". C) the entrepreneurs seek ever larger budgets, while planners will be more focused on cost reductions and efficiency. D) the entrepreneurs who make mistakes must bear the costs of these mistakes
The terminal nodes in an extensive form representation
a. are used solely to show payoffs that represent a Nash equilibrium. b. represent the starting points for a sequential game c. indicate the strategies available to the players of a game. d. indicate the possible outcomes of a game
Refer to Table 28-4. What is the adult unemployment rate in Meditor?
a. 10% b. 6.7% c. 6.25% d. 4.2%