Compared to a cost plus incentive fee contract, the cost plus percentage fee contract has strong incentives to minimize costs

Joe Spengler, now age 54, lost his job as a shipbuilder during the recession of 1991 . His plant never reopened, and he has very specialized skills that are no longer in demand. Joe's unemployment is best classified as

a. cyclical b. structural c. discouraged d. frictional e. voluntary

U.S. military use of steel is nearly half of total U.S. steel production.

Answer the following statement true (T) or false (F)