Based on the information in Scenario 1, real GDP grew by about ________ percent from 2015 to 2016
A) 23 B) 31 C) 62 D) 162
A
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Explain whether each of the following variables is a lagging, leading, or coincident indicator: In each case, is the economy likely in a recession, heading for a recession, in an expansion, or heading for an expansion?
a. Industrial production is falling. b. The number of building permits issued for new private housing units begins to decline. c. The number and amount of commercial and industrial loans start to rise. d. The average prime interest rate charged by banks begins to fall. e. The M2 money supply begins to rise.
One way to avoid the principal-agent problem would be to have:
A. the employee constantly monitor the employer's activities. B. the employer constantly monitor the employee's efforts. C. the employer share all management choices with employees before making decisions. D. the employee sign a waiver of release.
Wrongful employment discrimination:
a. occurs when employers make hiring, promotion, and pay decisions based on factors unrelated to worker productivity b. in competitive markets, puts the discriminating employer at a competitive disadvantage c. both of the above d. neither of the above
The ability to produce a good at a lower opportunity cost than others is known as
A) comparative advantage. B) absolute advantage. C) specialization. D) marginal cost production.