Entrepreneurs often undertake the innovations that are necessary to bring inventions to the marketplace. Accordingly, what empirical pattern should be expected in an international comparison?
A) Countries with higher rates of entrepreneurship have higher rates of poverty.
B) Countries with higher rates of entrepreneurship have lower rates of immigration.
C) Countries with higher rates of entrepreneurship have lower rates of economic growth.
D) Countries that protect the property rights of entrepreneurs will have higher rates of economic growth.
D
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Moe's Sweaters is a firm in perfect competition. Moe's customers don't know who the firm's workers are
If Moe is the only employer in the market who discriminates against women by paying them less than he pays to equally qualified men, his firm will A) lower its labor cost and receive a greater economic economic profit than its competitors. B) receive a positive economic profit while its competitors will only receive a normal profit. C) not maximize its economic profit and will not survive. D) be able to lower its price and undercut the competitors.
If a foreign car manufacturer builds a plant in the United States, the new plant will
A. decrease U.S. GDP by the amount produced because of foreign ownership. B. have no effect on U.S. GDP because it is a foreign company. C. increase U.S. GDP by the amount produced. D. increase U.S. GDP by the net exports of the company.
In the United States, the dollar was commodity backed:
A. until the Civil War. B. until 1971. C. until World War II. D. Until financial crisis of 2008.
Job analysis is important for both managers and employees because it is
A. the basis for a work-related rationale for pay differences. B. an important result of the job evaluation process. C. required under the Fair Labor Standards Act. D. required for performance appraisal.