International data on the history of real GDP growth rates shows that over the last 120 years or so, rich countries got richer and poor countries got poorer
a. True
b. False
Indicate whether the statement is true or false
False
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The poor, in considering a job offer, face constraints that middle-class job seekers are not subject to
Indicate whether the statement is true or false
When Country X has high economic growth, this country has
A) a high level of real Gross Domestic Product (GDP). B) a high level of per capita real Gross Domestic Product (GDP). C) a large increase in per capita real Gross Domestic Product (GDP). D) a large increase in personal income.
The following is NOT an example of a potential monitoring solution to moral hazard
a. blocking social network sites on company computers b. closed circuit TVs throughout a warehouse c. GPS tracking devices in repair trucks d. requiring physicians to be 'board certified'
Which of the following is a characteristic of a sunk cost? a. It cannot be recovered
b. It affects current business decisions. c. It is variable over time. d. It affects marginal costs.