An organization chart reveals all the formal and informal alliances between the various levels and departments within the organization
Indicate whether the statement is true or false
F
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A bond that is bought at a price below its face value and the face value is repaid at a maturity date is called a
A) simple loan. B) fixed-payment loan. C) coupon bond. D) discount bond.
In the labor market, if the government imposes a minimum wage that is below the equilibrium wage, then
A) workers who wish to work at the minimum wage will have a difficult time finding jobs. B) firms will hire fewer workers than without the minimum wage law. C) some workers may lose their jobs as a result. D) nothing will happen to the wage rate or employment.
Based on the experience of the Great Depression and the New Deal, which one of the following strategies would be most likely to stimulate recovery from a serious economic recession?
a. increase trade restrictions and tariffs to save jobs and enhance tax revenue b. a reduction in the money supply in order to strengthen the dollar and combat inflation c. keep taxes low in order to stimulate production and minimize the decline in personal and business income d. institute frequent policy changes in order to search for and find the policy combination that would be most effective
An example of an implicit cost is
A) payment of a salary to a CEO of a company. B) a business using a building owned by the business owner. C) a payment to a resource owner. D) the payment of interest on a bond.