The inputs used in the aggregate production function do NOT include which of the following?
A. The number of workers in a country
B. Education and skill levels
C. Average price levels
D. Knowledge
Answer: C
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The more time gasoline consumers have to adjust to a price change,
A) the lower their price elasticity of demand. B) the greater their price elasticity of demand. C) the less sensitive they will be to the price change. D) the less time they will have to seek out substitutes for gasoline.
Externalities can be corrected by each of the following except
a. self-interest. b. moral codes and social sanctions. c. charity. d. normal market adjustments.
When a supervisor administer a questionnaire among participants that have never met it is called
a. brainstorming b. sampling c. delphi technique d. groupthink
Recent studies show that recent immigrants compete for jobs with immigrants who came into the country earlier.
Answer the following statement true (T) or false (F)