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
Question 2
Hong Kong is an example of an economy that
A) does not experience economic growth because it is not a democracy.
B) experiences economic growth in spite of the fact that is lacks democratic freedom.
C) grows more slowly than other Asian countries because property rights are not valued.
D) needs to promote investment so that economic growth can occur.
E) lacks economic freedom and therefore experiences the slowest economic growth of all developed economies.
American women operating machine lathes in a munitions factory.
In 1979 Islamic militants held American embassy workers hostage in Tehran.
Workers at a Nike factory in Indonesia insert soles into sneakers for fourteen cents an hour.
Median Annual Earnings of Full-Time Workers, by Gender, 1960–2010
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011
Specialized Workers: Soldier Termite