The differences in the desirability of different jobs within a company could give rise to a compensating differential between workers
a. True
b. False
Indicate whether the statement is true or false
True
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Informing people of social norms is likely to get:
A. more people to act that way, which is always positive. B. more people to act that way, which can be a problem if policymakers are trying to change typical behavior. C. more people to act that way, which is always negative. D. less people to act that way, because people like to be unique.
Suppose Country A and Country B are each other's only trading partners. Country A exports more goods and services to Country B than it imports from it. Which of the following statements is true of the given scenario? a. The GDP of Country A will be positively affected by this trade relationship, while the GDP of Country B will be negatively affected by it. b. The GDP of Country A will be
negatively affected by this trade relationship, while the GDP of Country B will be positively affected by it. c. The GDP of both countries will increase as an effect of this trade relationship. d. The GDP of both countries will decrease as an effect of this trade relationship.
Marginal revenue is equal to:
A. the change in total revenue associated with a change in quantity. B. the change in total profits associated with a change in quantity. C. total revenue divided by its output. D. marginal cost.
Which of the following is true under conditions of pure competition?
A. There are differentiated products B. The market demand curve is perfectly elastic C. No single firm can influence the market price by changing its output D. Each individual firm has the ability to set its own price