According to the textbook, an efficient manager will be one who:
A. does not put much weight on recent performance.
B. considers recent performance as the best indicator of an applicant's ability.
C. weighs a candidate's weaknesses more heavily than the candidate's strengths.
D. tends to favor early applicants in an employee search.
Answer: A
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The crowding out of consumer spending by an increase in taxes will be the greatest when
A) consumers would have spent the entire amount they now must pay in taxes. B) consumers would have saved the entire amount they now must pay in taxes. C) consumers would have spent only a fraction of the amount they now must pay in taxes. D) the government has a history of increasing taxes on a regular basis.
A Congressional attempt to reduce deficit spending within a specific time frame was
a. the Kemp-Roth Act b. the Gramm-Rudman-Hollings Act c. the Tax Reform Act of 1986 d. the Humphrey-Hawkins Act of 1978 e. the Helms-Burton Act of 1995
International trade has the potential to
A. increase the availability of goods and services to those nations that export more than they import. B. increase the availability of goods and services to those nations that have an absolute advantage in the production of a good or service. C. increase the availability of goods and services to all nations. D. decrease the availability of goods and services to all nations.
One reason why adverse selection problems arise in the market for health insurance is because
A) sick people are more likely to want health insurance than are healthy people. B) fewer people are choosing careers in the medical field because of increases in the cost of education. C) as people live longer, a greater portion of their medical bills will have to be paid by younger generations. D) advances in medical technology are costly, and drive up the price of medical insurance.