People who receive the benefit of a good without contributing to its costs of production are called

Suppose new electronic devices make it easier to monitor the effort levels of workers. If some shirking is still possible in the efficiency wage model, what happens to the efficiency wage?

A) Declines, but remains above the market-clearing wage B) Declines, and falls below the market-clearing wage C) Increases D) Does not change

A tax is imposed on orange juice. Consumers will bear more of the burden of the tax: a. If the demand for orange juice is relatively inelastic and the supply is relatively elastic. b. If the demand for orange juice is relatively elastic and the supply is relatively inelastic. c. If the supply for orange juice is perfectly inelastic

d. none of the above