Which is the most accurate statement?
A. Company towns have declined in importance in the U.S.
B. Company towns are of growing importance in the U.S.
C. There never were any company towns in the U.S.
D. Company towns today are as important as they were in the past.
A. Company towns have declined in importance in the U.S.
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In a typical college classroom without a seating chart, dozens of students nevertheless occupy classroom seats with a minimum of confusion and disorder. Economics explains the orderly process of seat selection by assuming students
A) engage in entirely random decisions, from which only divine intervention can generate order in the classroom. B) follow a simple, perhaps even unwritten, rule, such as "seats belong to the person who first occupies them." C) know all the consequences of their actions, and thus purposefully create an orderly classroom seating assignment even if the professor doesn't require one. D) trick question: economics cannot deduce any sensible scientific claims about the behavior of college students.
Assume the nominal dollar-per-euro ($/€) exchange rate appreciates by 2%, U.S. prices rise by 5% and Euro-Area prices rise by 3%. By approximately how much does the real exchange rate change?
a. There is no change. b. 1% c. 2% d. 3% e. 4%
Activists
A) probably favor economic fine-tuning. B) favor rules-based monetary policy. C) argue for the deliberate use of monetary and fiscal policies to smooth out the business cycle. D) argue against the deliberate use of monetary and fiscal policies to manage the economy. E) a and c
The fact that U.S. managers' salaries are substantially greater than those of comparable managers in Japan may be related to:
A. an increase in the demand for CEOs. B. the comparatively greater competitive markets in Japan. C. the greater number of public goods provided in the United States. D. an increase in the supply of CEOs.