Token inc. is an envelope manufacturer based in dallas. the employees of the organization receive incentive pay based on the amount of work produced. if the output of an employee is more than the average production volume, then the organization pays an incentive in addition to wages and salaries. in this case, which of the following incentives is offered by token inc.?
a. piecework rate
b. minimum wage
c. employee labor
d. training stipend
e. group bonus

Suppose that: 1. malaysia requires 1 hour of labor to produce 1 pound of rice and 2 hours of labor to produce 1 pencil; 2. indonesia requires 2 hours of labor to produce 1 pound of rice and 4 hours of labor to produce 1 pencil; 3. each country has 10,000 hours of labor to allocate between the production of rice and pencils; and 4. in autarky, malaysia consumes 5,000 pounds of rice and 2,500 pencils. which country has an absolute advantage in rice production? in pencil production? which country has a comparative advantage in rice production? in pencil production? will trade between the two countries be mutually beneficial?

Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm

According to the video, the gross national product had declined from $104 billion in 1929 to about in 1933.