What are the two tasks of good leaders?
What will be an ideal response?
Vision setting and motivating are the two important tasks of a good leader. A good leader should aim at formulating a vision by combining the knowledge of several employees. A good leader should motivate employees to follow visions not only through personal charisma but also through reward systems.
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Moving down along the market demand curve for hot dogs, the
A) maximum price that people are willing to pay for hot dogs increases. B) marginal social benefit of hot dogs decreases. C) marginal social cost of hot dogs increases. D) consumer surplus of the last hot dog consumed increases.
In the monetary small open-economy model, a flexible exchange rate insulates the domestic price level from
A) both real and nominal shocks from abroad. B) real shocks from abroad, but not from nominal shocks from abroad. C) nominal shocks from abroad, but not from real shocks from abroad. D) neither real nor nominal shocks from abroad.
Social Security is a pure transfer program because
A) it transfers funds from current workers to the poor. B) the government transfers funds from middle-income workers to welfare recipients. C) current payroll taxes are used to pay the eligible retirees. D) the government subsidizes the medical bill of the poor.
Refer to the graphs shown, which show indifference curve analysis with the associated demand curves.
The best explanation for a movement from point D to point F is:
A. an inward rotation of the budget constraint along the x-axis, forcing the consumer to move from point B to point A. B. an outward rotation of the budget constraint along the x-axis, allowing the consumer to move from point A to point B. C. a parallel shift of the budget constraint, allowing the consumer to move from point A to point C. D. an outward rotation of the budget constraint along the y-axis, allowing the consumer to move from point B to point C.