A situation in which a country does not trade with other countries is called
A) self-actualization. B) autonomy. C) independence. D) autarky.
D
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Under a progressive tax, the fraction of income paid in taxes
a. rises as income rises. b. is unchanged as income changes. c. falls as income rises. d. is proportional to the change in income.
Which of the following will enter as a credit in the U.S. balance of payments capital account?
a. the purchase of a Japanese automobile by a U.S. consumer b. the sale of Japanese electronics to an American c. the sale of an American baseball team to a Japanese industrialist d. the purchase of a Japanese electronics plant by an American industrialist
FancyFoods belongs to the Restaurant Trade Association. One of the services that the trade association provides is monthly data on total regional sales of restaurants. In designing a bonus system for employees, this service:
A. may deceive the owners from knowing what is actually happening in the region. B. may provide low-cost information for performance contracts. C. would not be useful because it is too expensive. D. would not provide useful information for performance-based contracts.
Susan is a plant manager in charge of a factory in a relatively poor country. Even though market wages are low, she decides to raise the wages of her workers. Her decision
a. might increase profits if it means that the wage is high enough for her workers to eat a nutritious diet that makes them more productive. b. will help eliminate the excess supply of labor. c. may cause her workers to reduce the effort they expend at their jobs. d. All of the above are correct.