In 2014 income per person in the United States was about 10 times that in India

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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The components of a well-run incentive compensation scheme include all of the following EXCEPT

a. performing random acts of kindness to employees b. avoiding rewards for outcomes that are not included in the performance measures c. rewarding workers who for meet performance measures d. identifying the relevant measures on which to evaluate employees

Economics

In a sporting goods store, you can buy the equipment you want and forgo the rest. But in an election you "buy" the entire range of the candidate's positions, including some you may not agree with. This difference:

A. reflects limited and bundled choices in the public sector. B. describes the paradox of voting. C. describes the principal-agent problem in the public sector. D. creates bureaucratic inefficiency in the public sector.

Economics