Human resources, as a source of creating value in a modern company, are also referred to as
A. dryware.
B. software.
C. wetware.
D. hardware.
Answer: C
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If individuals are rational, they should choose actions that yield the:
A. smallest economic surplus. B. largest economic surplus. C. smallest total costs. D. largest total benefits.
Arbitrage means seeking profit by
A) buying high and selling low. B) buying low and selling high. C) either of the above. D) neither of the above.
M1 differs from M2 because ________
A) M2 includes components that are less liquid than any component of M1 B) M1 does not include savings deposits and M2 does C) M1 is included in M2 but M2 has more components D) all of the above E) none of the above
Which of the following is not a finding of Cox and Alm regarding the gap between rich and poor?
a. The gap shrinks if taxes are taken into account. b. The gap shrinks if consumption, rather than income, is compared. c. The gap shrinks if the number of people in the household is taken into account. d. The gap shrinks if the state of residence is taken into account.