Alfie Kohn and Demming are of the opinion that:
A. pay is a prime motivator.
B. pay is not a motivator.
C. incentive plans all work too well.
D. work place and environment are not important motivators.
Answer: B
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When there is a surplus of snowboards, the
A) demand for snowboards is greater than the supply of snowboards. B) supply of snowboards is greater than the demand for snowboards. C) quantity of snowboards demanded is greater than the quantity of snowboards supplied. D) quantity of snowboards supplied is greater than the quantity of snowboards demanded. E) price rises to restore the equilibrium.
Which of the following statements best describes the U.S. economy since 1960?
a. Potential output has risen steadily, but actual output has fluctuated above and below full-employment output. b. Actual output has risen steadily, but potential output has fluctuated above and below actual output. c. Potential output and actual output have both not risen steadily. d. Potential output and actual output have both fluctuated above and below what the classical model predicts. e. Potential output has remained constant but actual output has risen.
A business produced $10 million of goods in 2010 but sold only $9 million. Is the $1 million increase in inventory counted as part of the 2010 gross domestic product?
a. No, because inventories are intermediate goods. b. No, because if these inventories were sold in 2011, they would be counted twice. c. Yes, because these inventories are part of the output of the economy in 2010. d. Yes, but they will be added to the 2010 GDP only if they are sold in 2011.
How has the Bureau of Labor Statistics (BLS) changed the calculation of the CPI in order to take substitution bias into account?
What will be an ideal response?