The U.S. work week has declined from 60 hours in 1890 to 40 hours today. The impact of the decline in working hours
A) increases U.S. GDP and increases the well-being of a typical working person in the U.S.
B) increases U.S. GDP and decreases the well-being of a typical working person in the U.S.
C) decreases U.S. GDP and decreases the well-being of a typical working person in the U.S.
D) decreases U.S. GDP and increases the well-being of a typical working person in the U.S.
D
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Refer to Table 14-4. Does Baine have a dominant strategy and if so, what is it?
A) There are two dominant strategies: if Alistair increases its advertising budget, then Baine's best bet is to keep its budget the same but if Alistair does not increase its budget then Baine should raise its advertising budget B) Yes, Baine should keep its advertising budget as is. C) Yes, Baine should increase its advertising budget. D) No, there is no dominant strategy.
When the SEC requires companies to publicly release financial statements, which of the following remedies of conflicts of interest does this fall under?
A) leave it to the market B) regulate for transparency C) supervisory oversight D) separation of functions
From 1860 to 1910, international net capital flow into the U.S
(a) was positive when the U.S. economy expanded. (b) was neutral and not influenced by the U.S. business cycle. (c) was negative when the U.S. economy grew. (d) was positively impacted by U.S. discussions about and actual restrictions on immigration.
If a unit excise tax is placed on a good for which the demand is very unresponsive to a price change, then
A) the government generally pays the majority of the tax. B) the consumers generally pay the majority of the tax. C) the producers generally pay the majority of the tax. D) producers and consumers pay equal portions of the tax.