When the production of a worker is relatively easily observable, the firm can pay a piece-rate
Indicate whether the statement is true or false
True . A firm needs to measure the output of a worker to be able to pay him according to his production. When this is easy, piece-rates are more likely.
You might also like to view...
For a country in autarky, the opportunity cost of the good on the horizontal axis is the same as
A) the relative price of the good on the vertical axis. B) the relative price of the good on the horizontal axis. C) the opportunity cost of the good on the vertical axis. D) Both A and C. E) None of the above.
If the fraction of the population that is below the official poverty level has decreased, then
a. the number of poor must have increased b. the number of poor must have decreased c. the population must have increased d. the number of poor may have increased or decreased e. the number of people above the official poverty level must have increased