Slogans, company parties, rituals, and role models are all aspects of
A. empowerment.
B. rational expectations.
C. enhancing communication.
D. benchmarking.
Answer: C
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Total cost of production refers to the:
A) sum of variable costs and fixed costs. B) product of variable costs and fixed costs. C) difference between variable costs and fixed costs. D) ratio of variable costs to fixed costs.
The sum of compensation to employees, rental income, corporate profits, net interest, and proprietors' income is
A) gross domestic product. B) gross domestic income. C) net domestic income at factor cost. D) net domestic product.
The largest component of household consumption spending is expenditures on
a. services b. durable goods c. nondurable goods d. food e. transportation
GDP is a measure of all of the following EXCEPT
A. the total value of expenditures. B. the overall level of economic activity. C. the total of production. D. overall welfare.