Information privacy includes both the right to prohibit certain information from being collected by either governments or businesses, and the right to:
Ans: control the use of whatever information is collected about you.
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Judy has just looked through her favorite catalog that came in the mail and has placed an order. The catalog is an example of
A) mass marketing. B) direct marketing. C) indirect marketing. D) interactive marketing.
The law of diminishing returns explains why
a. monopolies have a guaranteed profit margin b. short-run MC and AVC curves are U-shaped c. the production possibilities curve is bowed out d. long run supply curves are downward sloping e. total product is a straight line
The business cycle is the
a. relationship between unemployment and inflation. b. irregular fluctuations in economic activity. c. positive relationship between the quantity of money in an economy and inflation. d. predictable changes in economic activity due to changes in government spending and taxes.
Average labor productivity is determined by:
A. consumption, investment, government spending, and net exports. B. the number employed, unemployed, and the labor force participation rate. C. the real interest rate, the nominal interest rate, and the rate of inflation. D. the quantity and quality of human capital, physical capital, technology, natural resources, entrepreneurship, and the legal and political environment.