If older employees are being paid less than their value to the firm, their compensation is being backloaded
Indicate whether the statement is true or false
True
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The standard of living in a nation depends on
A) how well its economy functions relative to other countries. B) the size of the country, with larger nations always doing better than smaller ones. C) how well the economy functions within that country. D) whether or not its currency is adopted as the world's monetary standard.
Which of the following would move the economy up and to the left along a short run Phillips Curve? a. Sales of government securities by the Fed
b. Increases in taxes by the federal government. c. Reductions in government expenditures on newly produced goods and services. d. None of the above
Which statement concerning monopolistic competition is false?
A. In the long run P = AC > MC. B. Firms may experience positive economic profits in the long run. C. Firms may experience losses in the short run. D. Firms differentiate their products, but the products are relatively substitutable.
Impact investing involves investing money in:
A. firms to generate both financial and social returns. B. entire industries to have an overall impact. C. those economies with the largest finance gap. D. None of these statements is true.