What is the best method to avoid becoming defensive when receiving feedback?
Ans: Let the speaker finish and ask questions afterward.
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Which of the following is not an example of rent-seeking behavior?
A) competition for subsidies B) competition for the exclusive right to import a product C) lobbying the government to impose tariffs on certain imported products D) engaging in aggressive advertising that slams a competitor's product
The U.S. Department of Commerce has been developing so-called "green accounting" to: a. include the value of leisure in the gross domestic product (GDP) of the country. b. register the impact of pollution and natural resource depletion
c. value the output of new firms. d. illustrate the difference between nominal GDP and real GDP. e. measure the value of the output produced by inexperienced workers.
After the Great Depression, an explanation for why output growth would stop is called:
A. secular stagnation theory. B. the slow growth model. C. the frictional stagnation hypothesis. D. the structural stagnation hypothesis.
When interest rates rise
A. borrowing costs decline, and total planned real expenditures increase. B. borrowing costs decline, and total planned real expenditures decline. C. borrowing costs increase, and total planned real expenditures decline. D. borrowing costs increase and total planned real expenditures increase.