Which of following was a period of below-average economic growth in the United States?
A) the 1920s
B) the 1960s
C) the 1930s
D) all of the above
C
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Foreign income is defined to be income earned:
A. by a nation’s firms when they operate abroad. B. when a domestic citizen works abroad. C. on investments made abroad. D. by those living outside a country.
The incidence of an excise tax
a. refers to who really pays it b. always falls on suppliers c. is equally divided between demanders and suppliers d. is determined by the number of demanders e. is decided by the government when the tax is imposed
Assume an economy produces only footballs and baseballs and the base year is 2016. Quantities ProducedPrices?2016201720162017Hamburgers200300$20$25Hot dogs500600$10$15Given the data in the table above, what is the value of nominal GDP in 2017?
A. $10,000 B. $12,500 C. $16,500 D. $12,000
Who was a proponent of bureaucracy?
a. max weber b. abraham maslow c. douglas mcgregor d. frank gilbreth