“Satisficing” rather than “maximizing” primarily emerges under conditions where
A. information is costly.
B. management lacks ambition.
C. profit maximization is rejected on moral grounds.
D. risk is minimal.
Answer: A
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"Brain-drain" refers to the:
A. Relatively low levels of human capital in low-income countries B. Impact of migration on human capital levels in high-income countries C. Emigration of highly educated workers to higher income countries D. Inability of workers in low-income countries to achieve the levels of human capital possessed by workers in high-income countries.
If the number of firms producing electric cars increases and consumer preference for electric cars increases, the equilibrium quantity of electric cars will definitely increase
Indicate whether the statement is true or false
Which of the following would NOT shift the aggregate demand curve to the left?
A) an increase in money demand B) a cut in federal government spending C) a reduction in federal income taxes D) a decrease in consumption spending
Economic fluctuations are defined as
a. alternating periods of significant GDP growth and decline. b. events only encountered in developing countries. c. periods of stable economic growth. d. alternating periods of unemployment falling above and below zero.