The circular-flow diagram
a. is an economic model.
b. incorporates two types of decision makers: households and firms.
c. represents the flows of inputs, outputs, and dollars.
d. All of the above are correct.
d
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In the years after the Great Recession, the inflation rate has been
A. volatile. B. diminishing over time. C. stabilized at 0. D. relatively low.
The components of a well-run incentive compensation scheme include all of the following EXCEPT
a. evaluating the identified performance measures b. avoiding rewards for outcomes that are not included in the performance measures c. rewarding workers who for meet performance measures d. displaying the wealth disparities between the executives and the line workers
Industrial policy involves governments using taxes, subsidies, and regulations to nurture the development of specific industries
a. True b. False Indicate whether the statement is true or false
David Beckham, a prominent soccer player, is considering signing on for another two years with his current soccer club. The team managers, however, face a salary cap of $60 million for their team and have already contracted players for a total of $53 million. Beckham, used to earning $12 million a year, has been offered to play for $7 million this year and $16 million in his second year. The current interest rate is 6.5%. Should he agree to the contract?
What will be an ideal response?