Dove policies advocate
a. less stability in output if greater price stability can be achieved.
b. more stability in output if greater price stability can be achieved.
c. more stability in output even at the cost of more price instability.
d. stable prices at any cost.
e. more stability in tax revenues even at the cost of more unemployment.
C
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Use the figure below to answer the following question.
The figure above shows three supply curves for wheat. Which of the following would cause the quantity of wheat supplied to increase from point a to point b?
A. a tax on wheat production B. an increase in the price of wheat C. a decrease in the price of wheat D. a subsidy for wheat production
GDP handles household production by
A) estimating a dollar value of the goods purchased to do housework. B) ignoring it. C) including it in real GDP but not in nominal GDP because there are no prices paid for the work. D) estimating a dollar value of the services provided. E) including it in exactly the same way that all other production is included.
Which of the following is considered per se illegal under the U.S. antitrust law?
a. An agreement to fix prices of commodities. b. An agreement to maintain certain technical standards. c. An agreement to operate only in specific regions. d. An agreement to follow identical production technique.
Managers should maximize
A) social accountability. B) the health and welfare of the employees. C) market share. D) none of these choices.