Linda Evangelista, a supermodel, once said that she "won't get out of bed for less than $10,000 a day." This fee is an example of
A) a reservation wage.
B) the demand for Linda's labor.
C) a competitive labor market.
D) the substitution effect.
A
Economics
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Developing countries have not benefited as much as expected from their higher education programs because of
(a) lack of program focus on the needs of the country. (b) increasing returns to scale in each individual's education. (c) graduates get jobs in the private sector. (d) all of the above.
Economics
If the managers of View Your World, a high-end window manufacturer, spend considerable time researching different prices and quality measures offered by multiple glass firms, the time spent is considered to be a(n) ________ cost.
A) monitoring B) negotiation C) information D) enforcement
Economics