If the paint on your house was eaten away by the fumes from a factory nearby and you hired a lawyer to sue the polluting firm, your legal fees would be considered
A) marginal benefits. B) social costs of the pollution.
C) external costs. D) transactions costs.
D
Economics
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Straight line pay for performance
a. Provides an incentive to increase performance b. Breaks the link between meeting a particular budget target and compensation c. Rewards the manager for doing more and punishes them for doing less d. All of the above
Economics
In macroeconomics, a period during which some resource prices, especially those for labor are fixed by explicit or implicit agreement is called:
a. expansionary gap b. contractionary gap c. short-run d. long-run
Economics