Which of the following is NOT a factor with job satisfaction?
a. hours
b. pay
c. benefits
d. vacation location
Ans: d. vacation location
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An increase in the supply of dollars on the foreign exchange market, all else equal, will result in:
A) appreciation of the U.S. dollar and depreciation of the foreign currency. B) appreciation of the U.S. dollar and appreciation of the foreign currency. C) depreciation of the U.S. dollar and depreciation of the foreign currency. D) depreciation of the U.S. dollar and appreciation of the foreign currency.
Among the factors that might lead to a divergence from the path of prices for a depletable resource predicted by the economic models are: (i) unexpected discoveries of new reserves; (ii) new technologies which reduce extraction costs
a. i and ii b. i but not ii c. ii but not i d. neither i nor ii
If the market price falls below a firm's minimum average total cost, the firm should:
A. consider how to minimize its losses. B. definitely stop production. C. pay only fixed costs. D. definitely continue to operate at a loss.
Like negative externalities, tradable permits are useful in allocating common resources because:
A. the socially optimal quantity is not the same as the individual consumers in either case. B. the depletion of common resources imposes a negative externality. C. the problem present in both is overconsumption. D. All of these statements are true.