Offering employees an efficiency wage may:
a. reduce turnover
b. attract the most productive workers.
c. lead to a reduction in training costs.
d. result in any of the above.
d
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Social preferences chosen from behind the veil of ignorance are likely to value efficient outcomes and are likely to treat individuals symmetrically. ?
Answer the following statement true (T) or false (F)
If the Fed adopts a policy of pegging the interest rate, a ________ in government spending forces the Fed to increase the money supply to prevent interest rates from ________
A) fall; increasing B) fall; decreasing C) rise; decreasing D) rise; increasing
The Utility Possibility Frontier is derived from utility curves.
A. True B. False C. Uncertain
According to behavioral economists, giving to charity:
A. contradicts the view that people are narrowly self-interested. B. appears unselfish but in fact is driven by self-interest. C. results from an ability to accurately calculate benefits and costs. D. is done solely to receive the utility from public recognition.