Government transfer payments act as automatic stabilizers because as labor income decreases, transfer payments
a. decrease as well.
b. remain constant.
c. increase.
d. to the government increase.
c
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The sum of consumption and saving is called _____
a. net investment b. net income c. personal income d. disposable income e. transfer payment
A devaluation of a currency means that the exchange rate (price of that currency) has changed to a higher fixed rate
a. True b. False
Which of the following is most likely to be associated with a strong union?
a. The demand for the products produced by the unionized labor is highly elastic. b. There are few good substitutes for the products produced by the unionized labor. c. It is easy to substitute capital for the labor of the union members. d. Union labor composes a large proportion of the total cost of the product that they help produce.
Starting from the 1990s, there was a significant shift toward
A. granting employees narrower decision authority and more specialized functions. B. granting employees narrower decision authority and less specialized functions. C. granting employees broader decision authority and less specialized functions. D. granting employees broader decision authority and more specialized functions.