In recent years, total compensation to workers has risen faster than the take-home pay of average workers. This implies that:
A. Something is wrong with the statistics on either compensation or take-home pay
B. Fringe benefits have become a larger share of total worker compensation
C. Direct payments have become a larger share of total worker compensation
D. Workers' pay has been declining slightly in recent years
B. Fringe benefits have become a larger share of total worker compensation
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Refer to Scenario 13.16. If Gooi can move first, and Ici wants to realize the ($150, $300 ) payoff,
A) all it has to do is threaten to buy yogurt machines, no matter what Gooi does. B) it could make its threat credible by rearranging its physical plant so that the installation of gelato machines by Gooi would bring in profit less than $50. C) it could make its threat credible by rearranging its physical plant so that the installation of gelato machines by Gooi would bring in profit less than $150. D) it could make its threat credible by rearranging its physical plant so that the installation of gelato machines by Gooi would bring in profit less than $300. E) it has to move before Gooi; there is no other way.
If the market is unable to allocate resources then
A) there is market failure. B) there is rent-seeking. C) there are no free-riders. D) none of these choices.