When shirking at the workplace occurs, increased monitoring of workers is the only effective way to reduce this behavior
Indicate whether the statement is true or false
False. There are other means of reducing shirking, such as an efficiency wage, bonding workers, or screening applicants.
Economics
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Who can determine the true cost of a tin whistle?
A) A good accountant B) A good economist C) A good tin whistle collector D) Nobody
Economics
Two friends, Diane and Sam, own and run a bar. Diane tends bar on Monday, Wednesday, and Friday and receives a wage in addition to tips. Sam tends bar on Tuesday, Thursday, and Saturday and receives only tips. Which of the following represents an implicit cost of operating the bar?
A. Diane's wage. B. Sam's time. C. Diane's tips. D. Sam's tips.
Economics