In some states, it is against the law to sell alcohol on Sundays. This law was created to honor the Christian religious belief that Sunday is a special day of rest. This is an example of culture impacting the __________ of goods.
A. production
B. distribution
C. pricing
D. packaging
B. distribution
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The term "business cycle" refers to ________
A) the opening and eventual closing down of businesses B) the rising and later declining of the purchasing power of the dollar C) the acquiring of raw materials and ultimate selling of a finished product D) the tendency for rich economies to be inevitably out-paced by other economies E) the slowing and eventual accelerating of economic growth
If a production function shows declining marginal product of an input as the quantity of the input increases, then the production function exhibits
a. diminishing profitability. b. increasing returns to scale. c. increasing marginal product. d. diminishing marginal product.
Other things constant, countries with higher investment rates will
A) have lower standards of living. B) tend to have higher incomes in the future. C) have to use central government planning to allocate investment. D) have to impose high taxes in order to finance the investment.
A government spending and taxation policy to achieve macroeconomic goals is known as:
A. countercyclical policy. B. fiscal policy. C. monetary policy. D. a balanced budget.