Occupational licensing:
A. functions essentially the same as inclusive unionism.
B. attracts large numbers of workers and therefore depresses wages.
C. often restricts occupational entry and raises the incomes of license holders.
D. has been declared illegal in the majority of states.
Answer: C
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According to Peter principle, employees
A. do not always value promotions. B. should be promoted till they reach the top management level. C. keep getting promoted until they reach the level that they cannot handle. D. resort to influencing activities to ensure their promotions.
The short-run effects of an increase in the saving rate include
a. a higher level of productivity. b. a higher growth rate of productivity. c. a higher growth rate of income. d. All of the above are correct.
Which of the following is a characteristic of a good research paper?
A. A good research paper should contain a review of relevant literature. B. A good research paper should not have any published precedents. C. A good research paper should always be useful for policy implications. D. A good research paper should have more than one author.
When government uses the judgment by performance criterion, a firm is considered a monopoly if it controls a significant segment of the market.
Answer the following statement true (T) or false (F)