This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the labor market, contracts are often designed to include a variable salary component that is ... (Read 80 times)

neverstopbelieb

  • Hero Member
  • *****
  • Posts: 534
on: Apr 19, 2019

Question 1

Which of the following is an example of mechanism design?


◦ an employer pays all sales people a fixed salary
◦ welfare reform that limits the amount of time a person can collect benefits
◦ health insurance with zero co-pays
◦ reduced prices on bulk purchases

Question 2

In the labor market, contracts are often designed to include a variable salary component that is tied to some measure of performance. Why?


◦ Such contracts provide workers with the incentive to work hard.
◦ Most people are risk-loving and thus variability in their compensation leads to higher total utility.
◦ Labor unions demand a variable salary component.
◦ The variable component reduces wages paid by firms.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by neverstopbelieb on Apr 19, 2019

mochi09

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


neverstopbelieb

  • Hero Member
  • *****
  • Posts: 534
Reply #2 on: Apr 19, 2019
Excellent


mochi09

  • Sr. Member
  • ****
  • Posts: 335
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Changes in the bronchioles during an asthma attack: (a) Normal bronchiole; (b) the inflammatory comp Changes in the bronchioles during an asthma attack: (a) Normal bronchiole; (b) the inflammatory comp
Remedies for insomnia include increased physical exercise and time spent outdoors. Remedies for insomnia include increased physical exercise and time spent outdoors.
Stages of labor. Stages of labor.
Mechanism of the two-component molybdenum-dependent nitrogenase reaction Mechanism of the two-component molybdenum-dependent nitrogenase reaction
Assume z is a standard normal random variable. What is the value of z if the area to the right ... Assume z is a standard normal random variable. What is the value of z if the area to the right ...
Stock Market Tracks Growth in GDP Stock Market Tracks Growth in GDP
Video: Medullary osmotic gradient: countercurrent multiplier, urea recycling & vasa recta countercurrent exchange

For a complete list of videos, visit our video library