Suppose There Is No Uncertainty About Sales

question 38

Multiple Choice

Suppose there is no uncertainty about sales.Firms can avoid hiring lazy workers by

• A) offering contingent contracts.
• B) fixed wage contracts.
• C) engaging in cheap talk.
• D) All of the above.

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Definitions:

Economic Activity

Actions that involve the production, distribution, and consumption of goods and services within an economy.

Independent Agency

A governmental body that operates independently from the executive branch and is not subject to its direct control.

State

A politically organized body of people usually occupying a definite territory; especially one that is sovereign.

Local Government Employees

Workers employed by municipal, county, or district authorities to provide services at the local level, including education, public safety, and infrastructure maintenance.