_______________ is the practice of hiring people in other countries to do a job that was once done domestically
A) Offshoring
B) Onshoring
C) Insourcing
D) Megasourcing
A
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A relationship that depends on the basic behavior of consumers and firms and remains unchanged over long periods is called a ________ relationship
A) cyclical B) structural C) frictional D) dynamic
A liquidity trap occurs when
A) any additions to the monetary base are held as cash by people or reserves at banks. B) the Fed increases the money supply, causing the expected inflation rate to rise more than the real interest rate declines, so that the nominal interest rate increases. C) there are runs on banks that are solvent but illiquid. D) the demand for loans increases in a country on the gold standard, so that the monetary supply is not able to increase and interest rates rise dramatically.
The long-run aggregate supply when resources are fully employed
A. will always be associated with a point outside the production possibilities curve. B. will always be associated with a point on the production possibilities curve. C. is determined by demand. D. has no relationship with the production possibilities curve.
Refer to the information provided in Scenario 22.6 below to answer the question(s) that follow.SCENARIO 22.6: Following is information pertaining to four surveys:Survey 1: 50 pre-law students at Vanderbilt University are surveyed for a study to see if taking an LSAT preparation course was effective in improving their chance of being admitted to law school.Survey 2: 600 newly hired Houston-area elementary school teachers are surveyed for a study to determine how much salary they were willing to sacrifice to get a job teaching in a school with a high-quality reputation.Survey 3: 950 people are surveyed 6 months after buying a new car for a study to see how satisfied they are with their purchase.Survey 4: 75 people are surveyed in front of 5 different casinos on the Las Vegas Strip fo a
study to determine the average daily gambling budget of a Las Vegas visitor.Refer to Scenario 22.6. Of the four surveys, which is likely to be the least statistically significant? A. Survey 1 B. Survey 2 C. Survey 3 D. Survey 4