If a country's Lorenz curve moves further away from the diagonal, its income is more unevenly distributed
Indicate whether the statement is true or false
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Using the specific factors model, assume that strawberry production requires the specific factor of land, tractor production requires the specific factor of capital, and labor is variable
If the United States is capital abundant compared to Mexico, and Mexico is land abundant compared to the United States, then in the short run with trade we would expect A) the income of U.S. land owners to increase. B) the income of U.S. workers to increase. C) the income of Mexican workers to increase. D) the income of Mexican land owners to increase.
One problem with compensation systems is that
A) sometimes a manager is rewarded for an objective other than maximizing profits. B) managers are often paid too much. C) owners sometimes want to pursue social objectives. D) the Dodd-Frank Act of 2010 requires shareholder votes on compensation that are non-binding.
The merger of craft and industrial unions occurred in 1955 with the creation of the AFL-CIO
Indicate whether the statement is true or false
Which of the following is considered to be a fixed cost of operating an automobile?
a. gasoline b. tires c. oil change d. maintenance e. registration fees