Refer to the above table. If opportunity costs are constant and the two countries trade
A) the United States should specialize in computers and Mexico in bicycles.
B) the United States should specialize in bicycles and Mexico in computers.
C) the United States should specialize in both bicycles and computers, and Mexico should specialize in neither.
D) there will be no trade because they are so different.
A
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To keep employees from shirking, invest in greater monitoring
a. when monitoring is expensive relative to its benefits b. especially when monitoring is not very efficient c. when employees respond well to incentive contracts d. when incentives fail to solve either moral hazard and adverse selection problems with employees
Which of the following describes a problem created by scarcity?
A. The course you need to take in the fall is offered at times that conflict with your work schedule. B. The White House eliminates tours due to budget constraints. C. Your cell phone battery is low and you screen a phone call from afriend in case your significant other calls later. D. All of these.