Consider an apple orchard owner deciding how to incentivize his fruit pickers. He pays per pound harvested but adjusts the compensation rate higher during poor harvest seasons. As a consequence
a. The picker's effort would not depend on the compensation rate
b. The pickers would claim poor harvests in order to be paid higher piece rates even during bountiful harvest seasons
c. The pickers would claim good harvests in order to be paid higher piece rates even during poor harvest seasons
d. None of the above
b
You might also like to view...
In normal times, the actual money multiplier in the United States is:
A. sometimes negative during a recession. B. approximately equal to 10. C. approximately equal to 3. D. 0 in the long run and 3 in the short run.
A headline reads "Lumber Prices Up Sharply." In a competitive market, this situation would lead to a(n):
A. Increase in the price and quantity of new homes B. Decrease in the price and quantity of new homes C. Increase in the price of new homes and decrease in quantity D. Decrease in the price of new homes and increase in quantity