From the perspective of supply-side economists, a cut in tax rates will:
A. Increase output but will increase the budget deficit
B. Increase unemployment but will reduce the budget deficit
C. Reduce unemployment but will increase the budget deficit
D. Reduce unemployment and also reduce the budget deficit
D. Reduce unemployment and also reduce the budget deficit
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Empirical tests of the theory of comparative advantage have provided
A) strong support for both the Ricardian and Heckscher-Ohlin models. B) mixed support for the Ricardian model and strong support for the Heckscher-Ohlin model. C) strong support for the Ricardian model and mixed support for the Heckscher-Ohlin model. D) mixed support for both Ricardian and Heckscher-Ohlin models. E) no support for either the Ricardian or the Heckscher-Ohlin models.
To keep employees from shirking, you can invest in greater monitoring
a. even though monitoring is expensive b. especially when monitoring is efficient c. when employees respond well to incentive contracts d. when incentives solve both moral hazard and adverse selection problems with employees
Which of the following will shift the consumption function upward?
a. A decrease in stock prices b. An increase in stock prices c. A higher price level d. A lower disposable income e. A higher disposable income
Defense, construction, and management consulting are usually set up as
A. network designs. B. Uforms of business organizations. C. Mforms of business organizations. D. matrix designs.