An increase in the interest rate will
A) decrease the price of bonds.
B) increase the price of bonds.
C) increase or decrease the price of bonds depending upon whether the money supply has increased or decreased.
D) leave the price of bonds unchanged.
A
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The idea that people will not consciously make decisions that make them worse off is known as
A) rationality assumption. B) the decision duality. C) Adam Smith's doctrine. D) incentive assumption.
The United States Congress of Industrial Organizations was born as a result of all of the following except
a. minimum wage laws that brought increased competition to unionized workers b. the industrial growth brought about by technological change c. craft orientation being an impediment to further union growth d. the need for broader representation of workers with very different skills and occupations but belonging to a common industry e. the failure of craft unions to restructure its orientation according to the needs of industrial workers
In what ways is GDP a misleading measure of economic performance? Consider what components are not included on GDP.
What will be an ideal response?
A raise in the demand for a resource to produce some product (x) will
a. Raise the cost of using the resource for an alt. product b. Reduce the use of that resource in alt lower valued production c. Increase the value of the resource d. All