A factory urgently needs to hire some workers. The factory owner is willing to pay a wage of $15 per hour to responsible workers and is unwilling to hire workers who require constant monitoring
On average, he expects 5 out of 10 workers who have come for an interview to be sincere. How much should he offer to pay the workers he hires? A) $15 per hour
B) $7.50 per hour
C) $10 per hour
D) $8 per hour
B
Economics
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Quotas and tariffs both serve the purpose of
A) increasing foreign trade. B) restricting foreign trade. C) causing domestic producers to lose revenues. D) lowering prices on imported goods.
Economics
Suppose the United States decides to impose a $1,000 tax on every Japanese minivan sold in the United States. This is an example of:
a. a tariff. b. free trade. c. comparative advantage. d. the diversity of industry argument. e. a quota.
Economics