If a graph shows a negative relationship between two variables which then becomes a positive relationship, this curve would
A) always be an upward-sloping line.
B) have a minimum point.
C) have a maximum point.
D) always be a downward-sloping line.
B
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The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.
Which of the following involves efforts by government or businesses that give special rights to minorities in hiring, promotion, or access to education to offset past discrimination?
a. Affirmative action b. Diversity training c. Reverse discrimination d. Multiculturalism
Suppose your management professor has been offered a corporate job with a 30 percent pay increase. He has decided to take the job. For him, the marginal
a. cost of leaving was greater than the marginal benefit. b. benefit of leaving was greater than the marginal cost. c. benefit of teaching was greater than the marginal cost. d. All of the above are correct.
The portion of US debt owned by the public (non-Federal Reserve)
A. continues to fall. B. rose from around 6% to around 12% as a result of the Great Recession. C. dropped from the 1940s through the 1970s, spiked in the 1980s, dropped in the 1990s and early-2000, and rose in the 2010s. D. dropped to an all-time low in 2015.