Gilda's Art Gallery rewards its employees with stock each year the gallery makes profits. This stock allows the employees to own part of the gallery. This practice is known as
A) the principle-agent problem.
B) incentive pay.
C) minimizing implicit costs.
D) minimizing explicit costs.
B
Economics
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In recent years, which of the following has been negative?
A) net exports of goods and services B) investment C) wages D) government expenditure on goods and services E) consumption expenditure
Economics
When economists use the term "big tradeoff" when discussing efficiency they are referring to the tradeoff between
A) external costs and external benefits. B) marginal cost and marginal benefits. C) producer surplus and consumer surplus. D) efficiency and fairness. E) deadweight loss and producer/consumer surplus.
Economics