A year-long drought that destroys most wheat crops for the season would shift the:
A. short-run aggregate supply curve only.
B. aggregate demand curve only.
C. aggregate demand curve, and the short-run aggregate supply curve would shift in response.
D. short-run aggregate supply curve and the long-run aggregate supply curve.
Answer: A
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A medical doctor who works for a state -owned hospital in Greece ________ a government official and a U.S. firm bribing the doctor ________ illegal under the Foreign Corrupt Practice Act (FCPA).
A) is; is B) is not; is C) is; is not D) is not; is no
The threat of a strike
a. can serve as an incentive for labor and management to reach an agreement b. destroys incentives for labor and management to reach an agreement c. is usually not taken seriously because employers know the workers will suffer during a strike d. is not taken seriously unless management expects to suffer e. is not taken seriously if public safety is at risk
In a cost-benefit analysis, the value of a human life is sometimes calculated on the basis of
a. the risks that a person voluntarily exposes herself to in her job and/or recreational choices. b. the value of each individual's assets. c. the belief that human life is priceless. d. the amount of resources required to adequately sustain life.
In 1935 the CIO split off from the AFL in a dispute over ______________________.
Fill in the blank(s) with the appropriate word(s).