A "company town" is one in which:
A. all employees of a company live within its confines.
B. a single company employs the great majority of people in a town and owns most structures in the town.
C. the company directs most town business by assisting local government.
D. a single company directly regulates and monitors all town activity.
B. a single company employs the great majority of people in a town and owns most structures in the town.
You might also like to view...
What is meant by sniping in an auction? Does it make sense to snipe to win an auction?
What will be an ideal response?
The crowding-out effect of an expansionary fiscal policy is the result of government borrowing in the market which
A. increases interest rates and net investment spending in the economy. B. increases interest rates and decreases net investment spending. C. decreases interest rates and increases net investment spending. D. decreases interest rates and net investment spending.
If planned aggregate expenditure (PAE ) in an economy equals 2,000 + 0.8Y and potential output (Y*) equals 11,000, then this economy has:
A. no autonomous expenditure. B. a recessionary gap. C. no output gap. D. an expansionary gap.
The demand for good X has been estimated to be ln Qxd = 100 ? 2.5 ln PX + 4 ln PY + ln M. The advertising elasticity of good X is:
A. 0.0. B. 1.0. C. ?2.5. D. 4.0.