Which of the following is not a major category of business structure?
A. Sole proprietorship
B. Partnership
C. Public agency
D. Corporation
Answer: C
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Which of the following is NOT an important factor affecting growth in labor productivity?
A) the saving rate B) the speed with which prices fall C) the growth rate of physical capital D) the growth rate of labor productivity
Monetary policy that seeks to minimize the business cycle in the AS/AD model involves:
A. expansionary monetary policy throughout the business cycle. B. contractionary monetary policy when the economy is above trend growth and expansionary policy when the economy is below trend growth. C. contractionary monetary policy throughout the business cycle. D. expansionary monetary policy when the economy is above trend growth and contractionary policy when the economy is below trend growth.
At a quantity above the equilibrium quantity, which of the following does not exist? a. deadweight loss b. underproduction
c. overproduction d. inefficient production
The vicious circle of poverty refers to the fact that in LDCs,
a. low living standards lead to declines in population growth. b. too much spending leads to periods of recession. c. people are poor because too much is spent on capital goods. d. there are not enough people in the under-15 age groups. e. poverty leads to low investment in capital goods.