Which of the following is an industry commonly known to have line employees?
a. automotive
b. woodworking
c. education
d. retail
Ans: a. automotive
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If technological change is "neutral," then
A) output per worker declines, output per unit of capital increases. B) "effective labor input" increases, output per unit of capital declines. C) output per worker increases, output per unit of capital is constant. D) Both output per worker and output per unit of capital change.
After the deregulation of the airline industry, the new airlines had a competitive cost advantage over the older ones as:
a. they could practice price discrimination. b. they did not bear any legacy cost. c. they enjoyed economies of scale. d. they had to pay lower fuel surcharge.
Which of the following is true of unit banking?
a. It is the dominant form of banking in the United Sates. b. It occurs when national banks open interstate branch offices. c. It implies that every financial institution should maintain its account with the Federal Reserve. d. It occurs when a bank is not allowed to operate in more than one location. e. It refers to the monopolization of the banking industry.
Private investment equals
a. private savings + public savings + trade deficit. b. private savings + public savings+ government budget surplus. c. private savings + public savings + trade surplus. d. private savings + public savings + government budget deficit.