A philosophical influence on the European model was:
a. Buddhism
b. Adam smith.
c. Mercantilism
d. Confucianism
e. Ricardo
C
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Life insurance companies often give applicants a physical examination to prevent
A) the person from dying before obtaining the policy. B) signaling. C) adverse selection. D) profit maximization.
Cyclical unemployment is closely associated with
a. long-term economic growth. b. short-run ups and downs of the economy. c. fluctuations in the natural rate of unemployment. d. changes in the minimum wage.
An increase in productivity will:
A. increase aggregate supply and aggregate demand. B. increase aggregate demand. C. decrease aggregate supply and aggregate demand. D. increase aggregate supply.
The result of the Interstate Bakeries and Continental Bakery case was that the firms were:
A. allowed to merge only if one of the firms sold off some of its divisions. B. blocked from merging because a merger would have created a monopoly in some locations. C. fined substantial amounts for engaging in a trust. D. forced to split up into several smaller firms.