Which of the following is an example of an entrepreneur?
a. Steve Jobs and Steve Wozniak starting Apple
b. Jeff Bezos starting Amazon
c. The launch of the social media giant – Facebook
d. All of the above are examples of successful entrepreneurial endeavors.
d
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Automatic stabilizers are defined as
A) actions taken by an act of Congress to stabilize the economy. B) policy that has no multiplier effects. C) policy that stabilizes without the need for action by the government. D) discretionary policy taken to stabilize the economy. E) actions taken by the President without Congressional consent to stabilize the economy.
In recession years, ________ jobs are lost than created, and vacancies and job openings ________
A) more; increase B) more; decline C) fewer; decline D) fewer; increase
A worker repairing VHS cassette-tape players was laid off because most of his customers have started using DVD players. This worker is now:
What will be an ideal response?
Which of the following is a determinant of market demand?
A) consumers' expectation of the future relative price of a product B) taxes imposed on firms that sell the product C) cost of inputs used to produce the product D) number of firms that produce the product