When is a piece-rate contract generally used?
A) It is used when output but not labor can be observed.
B) It is only used to avoid adverse selection.
C) It is used when labor but not output can be observed.
D) It is never used in practice.
A
Economics
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Net investment equals
A) capital stock minus depreciation. B) gross investment minus depreciation. C) the total quantity of plant, equipment and buildings. D) gross investment/depreciation.
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Graphs are useful because of the way they: a. facilitate interpretation and analysis of data
b. clarify interpretation and analysis of ideas. c. permit a person to more easily see relationships. d. do all of the above.
Economics