Between 1790 and 1860, wholesale prices charged by producers of commodities
(a) grew steadily over the period.
(b) declined steadily.
(c) exhibited wild variations but increased, on average.
(d) exhibited wild variations but declined, on average.
(d)
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Any action that gives rise to a supply of foreign currency is a
A) deficit item on the current account and a surplus item on the financial and capital accounts. B) surplus item on the current account and a deficit item on the financial and capital accounts. C) surplus item on the current, financial, or capital account. D) deficit item on the current, financial, or capital account.
The components of a well-run incentive compensation scheme include all of the following EXCEPT
a. performing random acts of kindness to employees b. avoiding rewards for outcomes that are not included in the performance measures c. rewarding workers who for meet performance measures d. identifying the relevant measures on which to evaluate employees
More goods are available to the average American today than two hundred years ago, but today an American has to work more hours to earn the money to purchase most items
a. True b. False Indicate whether the statement is true or false
Sally runs a hair styling salon. Sally is a profit-maximizing owner whose firm operates in a competitive market. The marginal cost of a haircut is $15 . What is the maximum wage that Sally will pay her stylists?
a. less than $15 per haircut b. $15 per haircut c. more than $15 haircut d. There is insufficient information to answer this question.