Decision making in the corporate hierarchy is a lot more spread out in _______ while CEOs are much better paid in _______.
A. the United States than in Japan; the United States than in Japan
B. Japan than in the United States; Japan than in the United States
C. the United States than in Japan; Japan than in the United States
D. Japan than in the United States; the United States than in Japan
D. Japan than in the United States; the United States than in Japan
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Economists consider an economy to be at "full employment" when
A) the unemployment rate equals the natural rate of unemployment. B) there is no structural unemployment. C) there is no frictional unemployment. D) there is only a small amount of cyclical unemployment.
Suppose that the bond market and the money market both start out in equilibrium, then the Federal Reserve increases the money supply. The result will be a ______________ in the money market and a _________________ in the bond market, which will push bond prices _________________ and interest rates will ___________________ until a new equilibrium is reached
A) surplus; shortage; up; fall B) shortage; surplus; down; rise C) surplus; shortage; down; rise D) shortage; surplus; down; fall
Refer to the graph above. If aggregate supply shifts from AS 1 to AS 2, then the price level will:
Increase and real domestic output will increase Decrease and real domestic output will increase Increase and real domestic output will decrease Decrease and real domestic output will decrease
When a firm sells its good abroad below the cost of producing the good the firm is
A. using the concept of comparative advantage. B. taking advantage of the infant industry argument. C. taking advantage of absolute advantage. D. dumping.