The first major decision in job analysis is _____.
A. how to collect information
B. who to involve
C. what information is needed
D. why perform job analysis
D. why perform job analysis
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Suppose that people decide riding scooters is no longer fun. The equilibrium price of a scooter ________, and the equilibrium quantity of scooters ________
A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases E) does not change; decreases
Describe the differences (in sign and relative magnitude) between the government purchases multiplier and the tax multiplier
What will be an ideal response?
Suppose that as a result of expectations of lower sales in the future, a decrease in autonomous business investment causes aggregate demand to shift from AD0 to AD1 as shown in Figure 10.1. Which of the following statements is true?
A. According to Keynesian theory, additional decreases in aggregate demand will occur. B. In the absence of any additional decreases in investment, the equilibrium will remain at Q1 indefinitely. C. The GDP gap will be eliminated by the multiplier. D. According to Keynesian theory, the economy will quickly adjust back to full employment.
Economists believe that there are many nonmonetary gains from further trade opening. Which of the following is NOT one of those potential gains?
A) Economies of scale from increased production decreases costs. B) Intensified competition lowers prices. C) Governments will be less reliant on tariff revenue. D) Diversification of production lowers risks.