By switching its sales agents to a sales neutral profit commission, the firm is trying to convince the agents
a. To not change their sales patterns, as it would not change their compensation
b. Improve their compensation by pricing less aggressively
c. Improve their compensation by pricing more aggressively (lowering prices)
d. None of the above
b
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When a country removes trade barriers and imports appliances and exports engineering services,
a. its growth slows. b. its productivity decreases. c. it is essentially transforming engineering services into appliances. d. its economic well-being decreases while that of the country that sells appliances increases.
Which of the following is the best example of scarcity?
A) The Talking Teddy is a surprise holiday hit, resulting in long lines of consumers trying to purchase the limited number of available Teddies. B) Fred only gets a 10-hour lunch break and each day must decide between working out at the gym or socializing with his colleagues. C) The local market's buy-one-get-one-free sale on strawberries results in more people wanting the berries than producers are able and willing to supply. D) Pokemon Go is the most popular cell-phone app that can be downloaded free from an app store.