If the economy struggles in 2023 Lincoln Electric will seedemand ____________ for its products. This would cause Lincoln to ____________ production and overall compensation for Lincoln workers would ________. Fall; increase; increase Increase; increase; increase Fall; decrease; decrease Increase; decrease; increase None of the above due to Lincoln’s ‘piece work’ model of compensation.
If the economy struggles in 2023 Lincoln Electric will seedemand ____________ for its products. This would cause Lincoln to ____________ production and overall compensation for Lincoln workers would ________. Fall; increase; increase Increase; increase; increase Fall; decrease; decrease Increase; decrease; increase None of the above due to Lincoln’s ‘piece work’ model of compensation.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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17. If the economy struggles in 2023 Lincoln Electric will seedemand ____________ for its products. This would cause Lincoln to ____________ production and overall compensation for Lincoln workers would ________.
- Fall; increase; increase
- Increase; increase; increase
- Fall; decrease; decrease
- Increase; decrease; increase
- None of the above due to Lincoln’s ‘piece work’ model of compensation.
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