Which of the following is a better measure of the productivity of employed people in a country?
A) Gross Domestic Product B) Gross National Product
C) Income per worker D) Income per capita
C
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Proprietorships are
A) the most common form of business organization in the country. B) responsible for most of the profits in the country. C) generally large relative to other business organizations. D) easy to form but difficult to dissolve.
Which of the following is an appropriate monetary policy if the Fed wants to increase the money supply?
a. An increase in the required reserve ratio. b. An increase in the discount rate. c. Purchases of bonds in open market operations. d. Higher taxes on interest income.
Countries that have a trade surplus have a:
A. positive net capital outflow. B. positive net capital inflow. C. negative net capital outflow. D. positive foreign direct investment. AACSB: Reflective Thinking
Which of the following best explains why the rate of unemployment is highest among individuals aged 16 through 19?
a. Teenagers do not have the skills necessary to find jobs. b. Teenagers change jobs more frequently than do older individuals. c. Teenagers have a higher labor force participation rate than other age groups. d. Most teenagers are in school and, for this reason, are not holding jobs.