Positive economic statements
A) prescribe what should be.
B) are related only to microeconomics.
C) can be tested against the facts.
D) cannot be tested against the facts.
C
Economics
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Employees at Xeta Inc are divided into teams and each team is then assigned work. However, the management often finds it difficult to measure the level of effort each worker provides as the output is generated by the team as a whole
What can the management do to motivate workers to refrain from shirking?
Economics
Is relative PPP a useful equilibrium concept for describing general trends in exchange rates? Under what kinds of circumstances would the concepts of PPP be best applied?
What will be an ideal response?
Economics