Which of the following would not be considered a signal for a job as a public relations representative?
a. the number of minutes the candidate is allotted in the interview
b. a high grade point average
c. the suit the candidate wears to an interview
d. the reputation of the college the candidate attended
e. past salary history
A
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Import quotas
A) are the same as tariffs. B) set the maximum quantity of a good that can be imported. C) are not used by the United States. D) set the minimum percentage of the value of a product that must consist of imported components.
If the consumer price index in Year 1 was 200 and the CPI for Year 2 was 230, the rate of inflation was:
a. 15 percent. b. 7.5 percent. c. 30 percent. d. 230 percent.
All industrialized countries have become "service economies." Which factor helps explain this shift?
a. Trade unionism and failure of the manufacturing sector to grow. b. Information age and labor saving innovation in manufacturing. c. Non availability of industrial labor with required skills. d. Absence of competition in the service sector.
A price floor means that:
A. inflation is severe in this particular market. B. sellers are artificially restricting supply to raise price. C. government is imposing a maximum legal price that is typically below the equilibrium price. D. government is imposing a minimum legal price that is typically above the equilibrium price.