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Q1. A firm that finds it extremely expensive to monitor the output of each worker will likely pay its workersQ2. Which of the following is not a true statement regarding the incentives of different pay structures impose on workers?Q3. Under a piece rate pay scheme where all workers face different upward-sloped marginal cost curves for providing effort:Q4. Which of the following is typically not a possible disadvantage of a tournament?Q5. What happens to the piece rate if there is a ratchet effect?Q6. What does it mean to conduct a sequential search?Q7. What is required for a person to collect unemployment insurance in the United States?Q8. Why is frictional unemployment considered to be productive?
Mustard and mayonnaise are substitutes. Mustard and relish are complements. Mustard is a normal good. During the summer, about 50% of all mustard was recalled by manufacturers and removed from store shelves.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
The consumer is indifferent between B and a lottery ticket with probabilities. Construct a set of von Neumann - Morgenstern utility numbers for the four situations.
Explain the role culture may play in influencing entrepreneurship both at the individual and social level. Define culture in your response.
Sets out the aggregate demand and aggregate supply schedules in Japan. Potential GDP is 600 trillion yen. What is the short-run macroeconomic equilibrium.
Jane wants to buy a beautiful doll as a gift for her sister's birthday. What is the advantage to society to correct the externality?
Distinguish between the resources market and the product market in the circular flow model.
What if the pollution invades Baker's home and harms her health
What is the opportunity cost of Josephine's trip to the wedding
Imagine that you were the president of an emerging country that is trying to reduce the number of its imports
Watch the video titled Fear the Boom and Bust. Using the tools of macroeconomics, identify the primary difference between the two philosophies.
To build trust among virtual team members, managers should Deep-six the egos
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