Partnership can function as an efficient organizational form when partners have similar backgrounds and skills, and each of their income is largely determined by individual effort
Indicate whether the statement is true or false
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The European Central Bank:
A) emphasizes maintaining interest rates below 5%. B) lays more emphasis on controlling employment than on controlling inflation. C) emphasizes maintaining unemployment rates below 5%. D) lays more emphasis on controlling inflation than on controlling employment.
According to the law of demand, the higher the price, the lower the quantity demanded. But, five years ago the Dropouts used to sell only 50 tickets for their shows at $5 each. Today they sell 5000 tickets at $20 each
Does the change described above contradict the law of demand? A) Yes, because the price has fallen and the quantity demanded has fallen. B) Yes, because the price has risen and the quantity demanded has risen. C) No, because the supply has risen. D) No, because other things weren't constant.
Frictional unemployment refers to
Macroeconomists would be most likely to study which of the following?
A. Average annual earnings of lawyers B. Average annual earnings of all employed workers in the United States C. Average annual earnings of doctors D. Average annual earnings of self-employed workers