Management needs more _________ who participate in community action programs and families, contribute to scientific, social or economic advances and improve human lives
a. Followers
b. Leaders
c. Social workers
d. Muckrakers
B
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Total employment tends to decrease in response to any increase in the legal minimum wage because
A) employers can usually find substitutes for unskilled workers. B) higher wages mean fewer family members will be forced to take jobs. C) wages must be paid out of profits and profits are limited. D) workers are often willing to trade jobs for income.
What makes the demand for some goods elastic and the demand for other goods inelastic?
What will be an ideal response?
Which of the following is a determinant of price elasticity of demand?
a. Availability of substitute goods b. Excess capacity c. Scale of production d. Inventories e. Cost of production
Alan Greenspan, former Chairman of the Federal Reserve, discussed the advantages of which kind of tax system, "particularly if one were designing a tax system from scratch"?
a. a progressive tax system b. a regressive tax system c. a consumption tax d. a lump-sum tax