Affirmative action laws require employers to search for qualified minority applicants but not to necessarily give them jobs.
Answer the following statement true (T) or false (F)
True
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Suppose the following information describes the economy:Household saving300Business saving700Government purchases1,000Government transfers and interest payments500Government tax collections1,500GDP5,000Public saving equals ____and national saving equals ________.
A. 1,000; 2,000 B. 0;0 C. 0; 1000 D. 0; 300
Of the different types of businesses, a ________ has the most government rules and the most government regulations affecting it
A) sole proprietorship B) corporation C) partnership D) All of the above are subject to the same amount of rules and regulations.
When some firms leave a perfectly competitive market, the price:
A. falls, and profits of those left rise. B. falls, and profits of those left fall. C. increases, and profits of those left rise. D. increases, and profits of those left fall.
An increase in the exchange rate value of the U.S. dollar, relative to the Japanese yen, will cause U.S. imports from Japan to
a. increase and exports to Japan to decrease. b. increase and exports to Japan to increase. c. decrease and exports to Japan to decrease. d. decrease and exports to Japan to increase.