Which procedure or test investigates the officer's preparation, decisionmaking skills, relations with others, and knowledge and application of departmental policy?
A) oral interview board
B) situational test
C) performance appraisal
D) written promotional test
A) oral interview board
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Katie has a choice of spending $6.00 for another hamburger, which has a marginal utility of 30, or $9.00 for another pizza. For her to choose the pizza, it would have to have a marginal utility of at least
A) 9. B) 30. C) 31. D) 46.
Economic progress
a. reflects that people are achieving higher income levels and living standards. b. requires that individuals work longer hours. c. indicates that scarcity is no longer a problem. d. indicates income levels are higher even though environmental and health conditions have worsened.
Use the following general linear supply function:Qs = 40 + 6P - 8PI + 10F where Qs is the quantity supplied of the good, P is the price of the good, PI is the price of an input, and F is the number of firms producing the good. If PI = $20, F = 60, and the demand function is Qd = 600 - 6p the equilibrium price and quantity are, respectively,
A. P = $8 and Q = 326. B. P = $10 and Q = 540. C. P = $8 and Q = 640. D. P = $10 and Q = 640. E. none of the above.
A positive temporary supply side shock will:
A. increase the level of potential output in the long run. B. decrease the price level in the long run. C. increase the price level in the long run. D. have no effect in the long run.