Labor productivity can be increased with
A) education and training of the workforce.
B) an increase in capital goods used.
C) improvements in management.
D) all of the above
D
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Suppose Lisa spends all of her money on books and coffee. When the price of coffee decreases, the
A) substitution effect on coffee is positive, and the income effect on coffee is positive. B) substitution effect on coffee is ambiguous, and the income effect on coffee is ambiguous. C) substitution effect on coffee is positive, and the income effect on coffee is ambiguous. D) substitution effect on coffee is ambiguous, and the income effect on coffee is positive.
Free riding is a problem
A) if an individual's contribution to a team is not easily measured. B) if an individual's contribution is to a team is easily measured. C) when monitoring is costless. D) when team members are altruistic.