Cost-of-living adjustments are:
A. automatic wage changes based on the CPI which are included in some union contracts.
B. changes in the basket of goods used in calculating the CPI.
C. averages of neighboring years' base prices used in constructing the CPI.
D. quality measurements included in the calculation of the CPI.
Answer: A
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Before its IPO, Facebook was an example of a private firm. As a private firm, Facebook was
A) not subject to government regulations and taxation. B) not legally allowed to raise funds through venture capital firms. C) run by stockholders and a board of directors. D) run by its founder, Mark Zuckerberg.
Today's corporate structures have very little in common with the joint-stock companies of colonial America
Indicate whether the statement is true or false
Trade between industrial countries account for the majority of international trade
a. True b. False Indicate whether the statement is true or false
Controlling market behavior that might prevent competition among all firms in the market
a. social regulation b. economic regulation c. antitrust policy d. none of the above