As Performance Pay Is Becoming More Common in an Economy

question 129

Multiple Choice

As performance pay is becoming more common in an economy:

• A) wage rates would increase more than productivity in the economy.
• B) the number of unemployed workers in the economy would also increase.
• C) the inequality of earnings in the economy would also increase.
• D) All of the answers are correct.

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Definitions:

Quantity Imported

This refers to the total amount of goods brought into a country from abroad for commercial purposes.

Quantity Produced

The total amount of goods or services produced over a specific period.

Trade Barriers

Trade barriers are government-induced restrictions on international trade, including tariffs, quotas, embargoes, or stringent regulations, intended to protect domestic industries.

Special Interest Groups

Organizations or groups of individuals that advocate for specific political or policy goals.