Bjorn Is a Lazy Worker with Low Productivity Who Works

question 168

Multiple Choice

Bjorn is a lazy worker with low productivity who works because he has to, not because he wants to. Amal is a very productive worker, enjoys what he does, and works quickly and accurately. Based on this information, which of the following is TRUE?

• A) The piece rate incentive scheme would result in equal productivity for both workers.
• B) Bjorn should be offered an hourly wage, whereas Amal should be offered a piece rate.
• C) Amal should be offered an hourly wage, whereas Bjorn should be offered a piece rate.
• D) An equal hourly wage would be appropriate for both these workers.

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Definitions:

Superior-Quality

Refers to products, services, or materials that surpass standard quality measures in terms of performance, durability, and reliability.

Tying Agreements

Business practices where the sale of one product or service is conditioned on the purchase of another, potentially anticompetitive product or service.

Sherman Act

A landmark federal statute in the antitrust law of the United States, aimed at preserving fair competition by prohibiting monopolies and other practices that restrained trade.

Clayton Act

The Clayton Act is United States antitrust law enacted in 1914, aimed at promoting fair competition and preventing monopolies, anti-competitive mergers, and unethical business practices.