In the early 21st century, layoffs have become ________
A) an event of the past, thanks to low unemployment rates
B) a crushing reality at times
C) a surprise, as they are so rare
D) unnecessary, as employees trust management
B
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What will be an ideal response?
Most companies handle export operations in-house
Indicate whether the statement is true or false
Choose the statement that defenders of the circular flow model, which explains the nature of economic transactions in terms of a flow of resources from businesses to households, would agree with.
A. The possibility that the economy can grow indefinitely to keep up with significant population growth is ignored by this model. B. The services that resources yield can be provided in many ways by substituting different factors of production and are, therefore, infinite. C. Many resources like clean air, drinkable water, fertile soil, and food, under the circular flow model, cannot be replaced by the remaining factors of production. D. If resources are moved through the classical model of a productive system at a rate that outpaces the productive capacity of the earth or the earth's capacity to absorb wastes and by-products of the system, the entire classical model will prove unstable.
Which of the following would be considered a sunk cost?
A) Purchase of new equipment B) Equipment rental for the production area C) Net book value of obsolete equipment that has no market value D) Depreciation expense