The fact that U.S. managers' salaries are substantially greater than those of comparable managers in Japan may be related to:
A. an increase in the demand for CEOs.
B. the comparatively greater competitive markets in Japan.
C. the greater number of public goods provided in the United States.
D. an increase in the supply of CEOs.
Answer: A
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A. People who have jobs. B. The very young and old. C. People looking for a job. D. Teachers.
An organization that converts inputs (like Labor, Capital etc.) into output can be a
A) firm. B) sole proprietorship. C) corporation. D) All of the above.
The list of the major factors that create economies of scale includes all of the following except:
A) specialization and division of labor. B) quantity discounts. C) an increase in demand for the firm's output. D) the use of automation devices.
If you gave your friend a gift of a corporate bond, such as a $100 General Motors bond, your friend would have a gift of
a. M1 money b. M2 and fiat money c. specie d. near money e. not money