The division of labor generally refers to splitting
A. the three coordination decisions among different sets of planners.
B. the parts of a complex task among different workers.
C. the production of consumption goods and capital goods among different workers.
D. political leaders into radical and conservative camps each year.
Answer: B
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Which of the following might explain why the United States has so much currency per person?
a. U.S. citizens are holding a lot of foreign currency. b. Currency may be a preferable store of wealth for criminals. c. People use credit and debit cards more frequently. d. All of the above help explain the abundance of currency.
Despite some problems with equating GDP with economic well-being, higher real GDP per person does imply greater economic well-being because it tends to be positively associated with:
A. poverty, depletion of nonrenewable resources, and congestion. B. crime, pollution, and economic inequality. C. unemployment, availability of goods and services, and better education. D. better education, health and life expectancy.
Refer to the data. The MPS is:
A. 7/10.
B. 3/10.
C. 2/5.
D. 3/5.
Five of the 12 members of the Federal Open Market Committee (FOMC) must be _____.
(A) Bank presidents from Federal Reserve Districts. (B) From the Federal Advisory Council (FAC). (C) Appointed by the chair of the Board of Governors. (D) Elected by the Board of Governors.