How does the U.S. unemployment rate generally behave during expansionary periods?
a. It rises.
b. It falls.
c. It remains constant.
d. It fluctuates rapidly.
b. It falls.
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Your employer has asked you to start working overtime and has offered to pay $18 per hour for every hour you work beyond forty hours a week. The wage rate for each of the first forty hours will continue to be the usual $15 per hour
In terms of dollars, what is the marginal benefit of working each hour of overtime? A) zero B) $3.00 C) $15.00 D) $18.00
Holding other things constant, decreases in the price level in the US will
a. Cause the dollar to gain value b. Cause the dollar to lose value c. Does not affect the dollar value d. None of the above
It is important to distinguish between average and incremental cost
A. because managers need incremental cost data to make decisions about contracts. B. because average and incremental cost are often quite different. C. because most management decisions are incremental. D. All of the above
One of the following projects has two IRRs. Which project is it?
