Frederick Taylor
a. studied the movements of workers as they performed job tasks.
b. advocated the use of incentives for superior performance.
c. carried on experiments to determine the optimum size and weight of tools.
d. developed principles pertaining to the correct routing of work and accurate scheduling of production orders.
e. All of the above.
e. All of the above.
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One very important feature of a monopoly is the size of the firm
Indicate whether the statement is true or false
The European Economic Community
a. is a good example of a customs union b. is a region in which the production of basic goods, such as steel and energy, are produced collectively c. is a free trade area d. prohibits imports from other countries e. created the GATT rules
An increase in interest rates:
A. decreases aggregate demand, slowing economic activity. B. increases aggregate demand, increasing economic activity. C. increases aggregate demand, slowing economic activity. D. decreases aggregate demand, increasing economic activity.
the schedule or curve showing the relationship between the price level index and the amount output produced in the economy
What will be an ideal response?