Because personal tastes differ, what are substitutes for one person need not be substitutes for another person

The term "dollarization" refers to the adoption of the U.S. dollar by a foreign country as its currency

a. True b. False Indicate whether the statement is true or false

Which would be an example of a negative side effect of pay for performance plans?

A. Profit sharing plans will tend to decrease the "free-ride" that some workers get by being part of a team B. Employers get greater effort from workers by paying them a relatively high, above-equilibrium wage C. Workers have to take additional schooling to learn skills that will enable them to keep their jobs D. An increase in production from piece work can result in a decline in product quality