A reason for an increase in labor productivity growth is
A) an increase in the population so that firms hire more workers.
B) a decrease in the capital stock so that firms must hire more workers.
C) an increase in people's human capital.
D) an increase in the quantity of labor.
E) growth in the supply of labor.
C
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Factory incentives on cell phones have encouraged consumers to upgrade their phones. How does this affect the market for bluetooth headsets?
A) The demand for bluetooth headsets decreases. B) The quantity of bluetooth headsets demanded increases. C) The demand for bluetooth headsets increases. D) The quantity of bluetooth headsets demanded decreases.
If good salespeople are extremely risk averse, then a choice between a fixed-fee contract and a contingent contract
A) avoids a moral hazard. B) will result in all job candidates choosing the contingent contract. C) will result in an efficient contract. D) may not be a good screening device.