Which factor of production receives the greatest share of the U.S. national income?
A. Land
B. Labor
C. Capital
D. Entrepreneurship
Answer: B
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A boycott of products sold by companies that are dealing with a company whose workers are on strike is a
A) jurisdictional dispute. B) sympathy strike. C) right-to-boycott law. D) secondary boycott.
A weak U.S. dollar is one that has:
a. c and e. b. d and e. c. depreciated. d. appreciated. e. helped U.S. exporters.
According to the political business cycle theory, if the Fed wanted to see a President re-elected, prior to the election it might
a. lower the discount rate and sell bonds. b. lower the discount rate and buy bonds. c. raise the discount rate and sell bonds. d. raise the discount rate and buy bonds.
Many auction sites, such as eBay, provide a reputation score by which previous customers can rate a seller. Which of the following characteristics of a competitive market is this policy trying to emulate?
A) There is freedom of entry and exit. B) There are very low transaction costs. C) There are only one or two sellers. D) Buyers have more complete information.