Which of the following will improve your salary bargaining position
a. Wait until the large project you were integral to is completed
b. Wait until your employer has hired many others with similar skills as yours'
c. Wait until your employer has invested greatly into the long-term project you lead
d. At the very outset of a project that you will lead
c
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Given a downward-sloping linear demand curve, if total revenue decreases as quantity rises, marginal revenue must be:
A. Positive and demand is elastic B. Negative and demand is elastic C. Positive and demand is inelastic D. Negative and demand is inelastic
Suppose a developing country is falling further behind the developed countries that it neighbors. As an economic consultant, you are called to look at its policies to recommend changes. If you saw all of the following on your visit, which of them could be an explanation for the slow growth in the economy?
A. You see that the roads, bridges, and ports are in great shape thanks to the work of the World Bank. B. You see that the central bank does not pay attention to what the elected officials want. C. You see that new companies must bribe local officials to move their exports to the docks. D. You see that literacy rates rival those of its developed neighbors.