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What is the "putting out" system? What does it illustrate?
a. An experimental system in which white slave owners assigned slave families a plot of land, and let the slaves market X% of the resulting harvest. This illustrates that, potentially, at least, quasiwage systems could be used to increase incentives under slavery.
b. A system in which there is either only one employer or all employers have banded together. Workers not agreeing to wages and working conditions are placed on a "no hire" list. The system illustrates that good functioning labor markets need competition from both buyers and sellers.
c. A system in which commercial agents buy raw materials from many small producers, then distribute these materials to many individual craftsman for finishing. Finally, the agents sell the product. This system illustrates that specialization is possible without factory production.
q1. sanborn a manufacturer of electric roof vents realizes a cost of 55.00 for every unit it produces. its total fixed
A fleet manager must choose between two trucks to purchase for a company's fleet. The company will keep either truck for 5 years. Truck A costs $28,000 and has a market value of $16,000 after 5 years. Truck B costs $34,000 and has a market value of $..
What are the two main requirements of any supervisory position, and which of these usually determines the effectiveness of a supervisor's performance? Why does effective communication mean better supervisiOn?
A country is described by the Solow growth model. It has a population growth rate of 5 percent and a rate of technological progress of 3 percent. It is currently at the steady state. What is the country is growth rate for output and output per worker..
Give an example and describe an industry that would meet the conditions of a perfectly competitive market structure.
In a certain kingdom, the demand function for rye bread was q = 381 − 3p and the supply function was q = 5 + 7p, where p is the price in zlotys and q is loaves of bread. The king made it illegal to sell rye bread for a price above 32 zlotys per loaf...
Research any two publicly traded companies, looking for one that has an attractive price earnings ratio and one that has an unfavorable price earnings ratio. Explain how you knew the price earnings ratio was attractive and unfavorable.
Assume that a one year bond that has no interest coupon payment with a maturity value (face value) of $1,000 sold for $900. Show the interest rate that this bond will pay when it matures. If the prices of similar bonds are selling next month for $950..
Based on the regression equation, the price of gold increased on average by approximately $___ per ounce for a $500 billion increase in the monetary base (round to the nearest dollar). regression equation $/oz gold=207+.05 monetary base
A teacher has taught high school for twenty years and has become increasingly annoyed with the disruption that tardiness creates. still, the teacher cares about all students and wants them to be successful. how would bias be likely to impact the teac..
A sample survey to estimate the fast-food market in a large city was kept small enough to allow repeated follow-up. The high response rate meant that the sample was essentially random. Calculate a 95% confidence interval for the mean of the whole pop..
If a monopolist increases quantity by one unit, but sells the increased output at a slightly lower price, A. marginal revenue is affected by adding one additional unit sold at the new price. B. all the previous units, which used to sell at a higher p..
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