Paying a wage to an employee that is lower than the employee's marginal revenue product is sometimes referred to as
A) illegal in most states.
B) monopolistic exploitation.
C) monopsonistic exploitation.
D) total exploitation.
C
Economics
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The aim of development aid is basically to:
A) eradicate poverty. B) minimize international trade. C) eradicate corruption. D) boost population growth.
Economics
One reason stagflation is difficult to recover from is because:
A. less output requires less inputs to be hired. B. prices tend to adjust more quickly downward than upward. C. wages are sticky downward. D. input prices increase with output prices.
Economics