Management as it relates to home and family life was talked about for centuries but it became a formal study in the U.S. (and since worldwide) in the ____ century:
a. 17th
b. 18th
c. 19th
d. 20th
C
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The idea of time inconsistency:
A. explains how it can be rational for someone to say he's going to eat a salad for dinner each night this week and end up eating pizza four out of five nights instead. B. explains how it can be rational for someone to pay more for something on his credit card than if he were to pay cash for the same thing. C. explains why people refuse to ignore only some sunk costs. D. Time inconsistency doesn't explain any of these behaviors.
A key benefit for nations in a politically integrated currency union such as the United States is the existence of fiscal federalism. What is the status of fiscal federalism in the Eurozone?
A) It is almost nonexistent because few fiscal transfers take place. B) It is thriving and encompasses many aspects of the economy. C) Most believe it currently lags the United States, but the situation is very fluid and will change soon. D) Fiscal federalism is a concept that has relevance only in the United States because each Eurozone nation is completely independent.
If the Federal Reserve wants to decrease the money supply, it should:
A. decrease the discount rate. B. conduct open-market sales. C. decrease the interest that it pays on reserves. D. decrease reserve requirements.
Which of these sets of nations are considered high-income economies?
A. Brazil, Thailand, and South Africa. B. China, India, and Russia. C. Canada, Switzerland, and France. D. United States, South Korea, and Mexico.