A recession has no benefit to society-it represents a sheer waste of resources
a. True
b. False
Indicate whether the statement is true or false
True
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The landmark antitrust case which established that size alone can be an antitrust violation is the
a. U.S. Steel case b. Brown Shoe case c. Von's Grocery case d. ALCOA case e. Pabst Brewing case
One reason stagflation is difficult to recover from is because:
A. less output requires less inputs to be hired. B. prices tend to adjust more quickly downward than upward. C. wages are sticky downward. D. input prices increase with output prices.
A Lorenz curve measures the ________ on the vertical axis.
A. cumulative percentage of families B. cumulative percentage of money income C. cumulative percentage of family wealth D. demand of families on welfare
What are the two most important factors influencing investor preferences?
A. The desire for high rates of return and the thrill of uncertainty. B. The desire for high rates of return and dislike of risk and uncertainty. C. An equal balance between stocks and bonds, and high rates of return. D. Stable rates of return and balance between private and public sector financial assets.