Which of the following has also been called the command and control approach?
A. Direct controls
B. Voluntary compliance
C. Tradable emissions permits
D. Taxes on pollution
Answer: A
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Which of the following statements is correct?
A. Managerial decisions are affected by both microeconomic and macroeconomic forces. B. Managerial decisions are affected primarily by macroeconomic forces. C. By and large, managerial decisions are not affected by either microeconomic or macroeconomic forces. D. Managerial decisions are affected primarily by microeconomic forces.
The three types of unemployment are
A) voluntary, involuntary, and structural. B) voluntary, part-time, and cyclical. C) frictional, part-time, and involuntary. D) frictional, structural, and cyclical.
Which of the following statements best describes the neoclassical perspective?
a. The level of potential GDP is determined by long-term productivity growth, and the economy typically will return to full employment after a change in aggregate demand. b. The level of potential GDP is determined by short-term productivity growth, and the economy typically will return to full employment after a change in aggregate demand. c. The level of potential GDP is determined by full employment ,and the long-term productivity growth will return after a change in aggregate demand. d. The level of potential GDP is determined by full employment, and short-term productivity growth will return after a change in aggregate demand.
The text compares the macroeconomic performance of Great Britain and France immediately following Great Britain's departure from the ERM in 1992. What does it conclude?
A) The rate of growth of real GDP was higher in France than in Great Britain. B) The rate of growth of real GDP was lower in France than in Great Britain. C) The rates of growth of real GDP were equal in France and in Great Britain. D) GDP growth of both Great Britain and France increased dramatically after Great Britain withdrew from the ERM.