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Last word chief executive officers ceos of large

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171. (Last Word) Chief executive officers (CEOs) of large American corporations: A. have higher average salaries than CEOs of similar-size firms in other industrial nations. B. have similar salaries, on average, to CEOs of same-size firms in other industrial nations. C. are, on average, older than CEOs of same-size firms in other industrial nations. D. are, on average, younger than CEOs of same-size firms in other industrial nations. AACSB: Reflective Thinking Skills Blooms: Application Learning Objective: 13-5 McConnell - Chapter 13 #171 Topic: Wage differentials; human capital 172. (Last Word) In 2005, chief executive officers (CEOs) pay at U.S. firms with around $500 million in annual sales averaged: AACSB: Reflective Thinking Skills Blooms: Application Learning Objective: 13-5 McConnell - Chapter 13 #172 Topic: Wage differentials; human capital 173. (Last Word) The dispute over the pay of chief executive officers (CEOs) of U.S. corporations hinges on whether or not such pay: A. should be granted for past performance or for current performance. B. is determined in a competitive labor market or in a monopsonistic labor market. C. is justified on productivity grounds or mainly reflects an overestimation of CEO importance by corporate boards of directors. D. should contain performance incentives such as stock options, stock shares, or bonuses. AACSB: Reflective Thinking Skills Blooms: Application Learning Objective: 13-5 McConnell - Chapter 13 #173 Topic: Wage differentials; human capital 174. Marginal resource (labor) cost will exceed the wage rate when there is imperfect competition in the hire of labor. TRUE AACSB: Reflective Thinking Skills Blooms: Knowledge Learning Objective: 13-3 McConnell - Chapter 13 #174 Topic: Monopsony and imperfectly competitive labor markets
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175. The rising general level of real wages in the United States has occurred because growing population has increased the supply of labor relative to the demand for it. FALSE AACSB: Reflective Thinking Skills Blooms: Knowledge Learning Objective: 13-1 McConnell - Chapter 13 #175 Topic: Real and nominal wage rates; trends 176. Advocates of the minimum wage argue that its effects should be analyzed within the context of a dynamic and imperfectly competitive labor market. TRUE AACSB: Reflective Thinking Skills Blooms: Knowledge Learning Objective: 13-4 McConnell - Chapter 13 #176 Topic: Minimum wage 177. Marginal resource (labor) cost will always exceed the wage rate when the employer is selling its product in an imperfectly competitive market. FALSE AACSB: Analytical Skills Blooms: Understanding Learning Objective: 13-3 McConnell - Chapter 13 #177 Topic: Purely competitive labor markets 178. A monopsonistic employer may sell its product in a competitive market. TRUE AACSB: Analytical Skills Blooms: Knowledge Learning Objective: 13-3 McConnell - Chapter 13 #178 Topic: Monopsony and imperfectly competitive labor markets 179. Industrial unions are more likely to increase wage rates by restricting the supply of labor than are craft unions.
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