Amazon Is Experimenting with a 30 Hour Work Week (Instead

question 67

Multiple Choice

Amazon is experimenting with a 30 hour work week (instead of 40 hours a week) for some full time employees and other companies may follow. If employees are equally productive each hour they are at work, the impact of such a decline in working hours would be

• A)a decrease in GDP and an increase in the well-being of workers.
• B)an increase in GDP and an increase in the well-being of workers.
• C)a decrease in GDP and a decrease in the well-being of workers.
• D)an increase in GDP and a decrease in the well-being of workers.

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Definitions:

Maximize Revenues

Strategies or actions taken by a business to increase its total income from sales or other sources as much as possible.

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often to maximize their collective profit.

Strawberry Growers

Individuals or companies engaged in the cultivation and production of strawberries for the market.

Dominant Price Leader

A company that holds a significant market share and can influence the market price of a good or service.