Which of the following is true of an intermediate good?
a. It is of no value to the seller
b. It is of no value to the buyer.
c. It is purchased for household production.
d. It helps produce another good.
e. It is sold at a discounted price by firms.
d
Economics
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One way to prevent workers from shirking is to
A) hire only workers who are predisposed toward shirking. B) hire only workers who are predisposed toward not shirking. C) reduce monitoring to zero. D) pay workers a fixed fee.
Economics
Under communal property, effort is:
A) divorced from payment, so there is great incentive to work. B) divorced from payment, so there is little incentive to work. C) rewarded with payment, so there is great incentive to work. D) rewarded with payment, so there is little incentive to work.
Economics