Why would a firm knowingly hire lazy employees?
A) Lazy employees have positive marginal revenue product.
B) Lazy employees have successfully sued firms in the past.
C) The Americans with Disabilities Act mandates that laziness be considered a disability.
D) Lazy employees make hard-working employees look good.
A
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In the monetarist model, an autonomous increase in investment demand would have
a. only a weak effect on the level of output. b. a strong positive effect on the level of output. c. no effect on the interest rate. d. stronger effects on output if financed with increases in the money supply. e. both a and d.
Which of the following would cause both the equilibrium price and equilibrium quantity of oysters (assume that oysters are a normal good) to decrease?
A) an increase in consumer income B) an oil spill that sharply reduces oyster output C) a decrease in consumer income D) a technological advancement in the production of oysters