Planned investment is to expected expansion as unplanned investment is to ______.
a. most business cycles
b. marginal propensity to save
c. unforeseen recession
d. rising inventories
c. unforeseen recession
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Foreign direct investment implies that the investor obtains ________ share in a foreign company's ownershi
A) less than 10 percent B) less than 1 percent C) less than 5 percent D) none of the above
Nurses who work in hospitals often are required to work on weekends, whereas nurses who work in doctors' offices generally only work Monday through Friday. Hospital nurses who must work on weekends are usually paid more than nurses working in doctors' offices for the same work even if they have the same skills and education. This difference in pay is attributed to
a. an efficiency wage. b. compensating differential. c. differences in the marginal product of labor. d. differences in human capital.
A production function measures the relation between
A. input prices and output prices. B. input prices and the quantity of output. C. the quantity of inputs and input prices. D. the quantity of inputs and the quantity of output. E. none of the above
What type of policies did Adam Smith attack in his book, An Inquiry into the Nature and Causes of the Wealth of Nations?
What will be an ideal response?