A company with a strong performance level that needs to raise a large amount of financial capital to expand across the nation is best organized as a
a. sole proprietorship
b. partnership
c. multinational
d. union
e. corporation
E
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According to the theory of efficiency wages, firms operate more efficiently if wages are below the equilibrium level
a. True b. False Indicate whether the statement is true or false
The worst recession since World War II started in which year?
A. 1957 B. 1973 C. 1981 D. 2007
State three reasons for a potentially beneficial role of government intervention.
A. Creating barriers to entry to promote market efficiency. B. Providing public goods. C. Restraining trade so prices rise. D. Correcting informational problems. E. Generating a government failure to affect market pricing. F. Offsetting the incentive effect provided by wages. G. Correcting for negative or positive externalities.
Given their skills, a college graduate may be perceived as a good manager of time and the better fit for a managerial job than a high school graduate. This is an example of:
A. the learning effect of a college education. B. the signaling effect of a college education. C. the discriminatory effect of a college education. D. All of these