Relative to the United States, Europe has
A) higher unemployment.
B) slower job growth.
C) higher real wage growth.
D) A and B.
E) all of the above.
E
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In the figure above, when the price of a disk is $B, total revenue is shown in the graph by area
A) BCF0. B) AGF0. C) FCDE. D) ADE0.
To reduce Agency problems, executive compensation should be designed to
a. be paid baased on quarterly sales b. create incentives so that managers act like owners of the firm c. avoid making the executives own shares in the company d. be an increasing function of the firm's expenses e. all of the above
The existence of a monopoly:
A. creates a gain of total surplus. B. benefits the consumer. C. benefits the monopolist. D. creates more consumer surplus.
The producer price index is considered a good predictor of future consumer prices because increases in input prices:
A. are used by consumers to make decisions on what to buy. B. are accounted for in PPI, and therefore this automatically adjusts the CPI. C. are observed first in the PPI, adjusting the CPI downward. D. eventually make it to consumers when they buy the final product.