Which Theory Explains the Fact That Some Firms May Choose

question 184

Multiple Choice

Which theory explains the fact that some firms may choose to pay their employees more than they would normally earn?

• A)human capital theory
• B)signalling theory
• C)the theory of efficiency wages
• D)the efficient market hypothesis

Recognize different types of business arrangements in international trade and commerce.

Understand the jurisdictional aspects of international law.

Recognize the application and impact of the Convention on Contracts for the International Sale of Goods (CISG) and the Uniform Commercial Code (UCC) on international sales contracts.

Understand the principles of international arbitration and dispute resolution.

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Definitions:

Flexor

A type of muscle that decreases the angle between bones on two sides of a joint, allowing limbs to be bent.

Epitrochlearis

A muscle in some mammals that assists in the movement of the forearm, not typically found or well-defined in humans.

Palmaris Longus

A muscle in the forearm that aids in flexing the wrist and tenses the palmar fascia.

Depress

To lower in amount, degree, or intensity; often used in terms of lowering mood or suppressing an activity.