A Major Characteristic of a Compressed Workweek Is That

question 321

Multiple Choice

A major characteristic of a compressed workweek is that:

• A)It increases the overall costs to everyone: employers, employees, and society.
• B)It increases theft because employees are likely to take more office supplies home, which changes their overall attitude about honesty.
• C)It decreases important social interaction between and among employees on a number of levels, resulting in a change in the social network and corporate culture.
• D)It decreases everyone's competitive advantage.

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Definitions:

North American Free Trade Agreement

A trade agreement among the United States, Canada, and Mexico to reduce trade barriers and promote economic exchange.

Efficient Equilibrium

A state of balance in a market where resources are allocated in the most efficient way possible, with no room for welfare improvement without making someone else worse off.

Relative Price

The price of one good or service compared to another, usually indicating how much of one can be exchanged for the other.

Economic Outcome

The result of economic activities, often measured by metrics such as GDP growth, unemployment rates, and inflation.