Diversification involves:
A. buying only one kind of stock.
B. buying only low-risk bonds.
C. investing all your money in one company.
D. None of these statements is true.
Answer: D
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Real-wage rigidity in the Keynesian efficiency wage diagram of the labor market is depicted by
A) a vertical labor supply curve at the efficient level of employment, B) a vertical labor demand curve at the efficient level of employment. C) a horizontal line at the efficiency wage. D) a steep, positively sloped labor supply curve depicting various efficiency wages at various employment levels.
In 2014, remittances was over:
A. $60 Billion. B. $500 Million. C. $590 Billion. D. $1 Trillion.
Whatever specific form it takes, the excise tax is regressive
Indicate whether the statement is true or false
The moral-hazard problem and the desire of firms to lessen that problem serve as a plausible explanation for a firm paying above-equilibrium wages to its workers
a. True b. False Indicate whether the statement is true or false