A set of identical positions is a(n) _____.
A. job family
B. occupation
C. job group
D. job
D. job
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Exchange rates under the Bretton Woods system were determined by relative supplies of gold held by countries within the system
Indicate whether the statement is true or false
When a transfer price decreases
a. the buying division will want to sell less to the selling division b. the buying division will want to sell more to the selling division c. the selling division will want to sell less to the buying division d. the selling division will want to sell more to the buying division
When an activity results in the imposition of external costs, markets will produce more than the socially optimal level of that activity
a. True b. False
Ceteris paribus, a 10 percent increase in income results in a 50 percent decline in the quantity of potatoes purchased. This implies potatoes can be categorized as _____
a. complements b. substitutes c. inferior goods d. normal goods e. luxury goods