A job in sales-such as a sales representative for an agricultural chemical company-usually represents
A. many tasks and little sales authority.
B. many tasks and a lot of sales authority.
C. few tasks and very little sales authority.
D. few tasks and a lot of sales authority.
Answer: D
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From the economic point of view, what's worse, profit or loss?
A) Profit B) Loss C) They are equally bad. D) The question is meaningless as stated.
The country of Zorabia witnesses a huge influx of unskilled illegal immigrants. Which of the following will occur?
a. The equilibrium wage rate in Zorabia will fall. b. The equilibrium wage rate in the market for unskilled labor in Zorabia will fall. c. There will be excess demand for labor in the market for unskilled labor in Zorabia. d. There will be excess supply of labor in the job market for skilled workers.
According to Baumol and Blinder, the lag between the time a policy is implemented and the time it affects aggregate demand is
A. longer for fiscal policy than monetary policy. B. longer for monetary policy than fiscal policy. C. approximately equal for both. D. influenced mainly by the size of the multiplier.
The primary objective of most central banks in industrialized economies is:
A. low unemployment. B. high securities prices. C. price stability. D. a strong domestic currency.