How do the wages in the United States compare to those in northern Europe?
A. U.S. wage rates are higher than those of all northern European nations.
B. Northern Europe’s average wage rates are higher.
C. U.S. wage rates are higher than those in Germany and the Netherlands.
D. They are similar.
Answer: D
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It is not uncommon for people who travel by bus in Bosnia to keep the windows shut tight, even in warmer weather. Passengers worry about drafts caused by an open window leading to head colds
Apparently folks would rather travel for hours in stuffy busses than take the chance on getting sick. Suppose, however, the correlation between open windows and colds is only a coincidence, and no causal connection between the two variables exists. Then A) the travelers are displaying mistaken reasoning. B) the travelers are nevertheless acting in a way they think yields them the greatest net benefit. C) both A and B are true. D) none of the above are true.
The most immediate and direct effect of minimum price laws designed to prevent predatory pricing is to
A) guarantee profits to all sellers, large or small. B) guarantee profits to large sellers exclusively. C) guarantee profits to small sellers exclusively. D) preserve competition without guaranteeing profits. E) prevent competition without guaranteeing profits.
When the economy is at full employment,
a. people are not inclined to borrow so the banking system is unlikely to loan out themaximum allowable b. firms are inclined to borrow to finance investment so the banking system is likely to end up with little and possibly no excess reserves c. firms are disinclined to borrow because investment opportunities are fewer in full employment so the banking system has considerable excess reserves d. bankers become more hesitant to lend money because they are not very confident in the future e. inflation is high, which undermines people's willingness to borrow so the banking system must lower the interest rate to induce borrowing
The long-term financing dimension of financial management deals with the selection, issuance, and management of long-term debt and equity.
a. true b. false