Paper
Question 1
0 out of 2 points | | | Opportunistic behavior on the part of the employer is possible because:Answer | | | | | Selected Answer: | employees often reduce their effort level if they are important to the company. | Correct Answer: | contracts are often incomplete and leave room for implicit understandings between the two parties. | | | | |
Question 2
0 out of 2 points | | | In long-term job attachments, a worker’s wage:Answer | | | | | Selected Answer: | always falls below his productivity. | Correct Answer: | is lower than his productivity at the beginning, then equals it, and then exceeds the same. | | | | |
Question 3
0 out of 2 points | | | _____ is an example of specific human capital.Answer | | | | | Selected Answer: | A PhD in astrophysics | Correct Answer: | On-the-job learning for a sales executive | | | | |
Question 4
2 out of 2 points | | | _____ allow an individual to buy a company’s stock at a pre-determined price on or after a certain future date.Answer | | | | | Selected Answer: | Options | Correct Answer: | Options | | | | |
Question 5
0 out of 2 points | | | Lisa’s hourly pay increases from $8 to $10 as her performance improves. We can conclude that:Answer | | | | | Selected Answer: | her marginal cost of leisure declines. | Correct Answer: | her opportunity cost of leisure increases. | | | | |
Question 6
2 out of 2 points | | | Options are less than perfect as instruments to induce better performance because:Answer | | | | | Selected Answer: | executives often take risky decisions to raise the value of their options. | Correct Answer: | executives often take risky decisions to raise the value of their options. | | | | |
Question 7
2 out of 2 points | | | Influence cost is a type of _____ incurred while filling positions that have similar responsibilities but carry different pay.Answer |
0 out of 2 points | | | Opportunistic behavior on the part of the employer is possible because:Answer | | | | | Selected Answer: | employees often reduce their effort level if they are important to the company. | Correct Answer: | contracts are often incomplete and leave room for implicit understandings between the two parties. | | | | |
Question 2
0 out of 2 points | | | In long-term job attachments, a worker’s wage:Answer | | | | | Selected Answer: | always falls below his productivity. | Correct Answer: | is lower than his productivity at the beginning, then equals it, and then exceeds the same. | | | | |
Question 3
0 out of 2 points | | | _____ is an example of specific human capital.Answer | | | | | Selected Answer: | A PhD in astrophysics | Correct Answer: | On-the-job learning for a sales executive | | | | |
Question 4
2 out of 2 points | | | _____ allow an individual to buy a company’s stock at a pre-determined price on or after a certain future date.Answer | | | | | Selected Answer: | Options | Correct Answer: | Options | | | | |
Question 5
0 out of 2 points | | | Lisa’s hourly pay increases from $8 to $10 as her performance improves. We can conclude that:Answer | | | | | Selected Answer: | her marginal cost of leisure declines. | Correct Answer: | her opportunity cost of leisure increases. | | | | |
Question 6
2 out of 2 points | | | Options are less than perfect as instruments to induce better performance because:Answer | | | | | Selected Answer: | executives often take risky decisions to raise the value of their options. | Correct Answer: | executives often take risky decisions to raise the value of their options. | | | | |
Question 7
2 out of 2 points | | | Influence cost is a type of _____ incurred while filling positions that have similar responsibilities but carry different pay.Answer |