Which of the following is NOT a part of the path-goal theory?
a. provides a clear path
b. helps remove barriers to the problems
c. increases the rewards along and at the end of the route
d. none of the above
Ans: d. none of the above
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Carefully define the following terms and explain their importance. a. Variable b. Ray c. Slope d. Contour map
What will be an ideal response?
If the market ratio of silver to gold is 16 to 1 and the mint ratio is 15 to 1,
a. people will cease to use gold and silver as money. b. the Treasury will be forced to issue paper money. c. gold is undervalued at the mint. d. silver is undervalued at the mint.
When a tax is imposed on the buyers of a good, the demand curve shifts
a. downward by the amount of the tax. b. upward by the amount of the tax. c. downward by less than the amount of the tax. d. upward by more than the amount of the tax.
Which of the following is not a function of money?
A. Medium of exchange B. Income generation C. Standard of value D. Store of value