The massive shift of population and industry out the large central cities from the late 1940s through the 1960s was caused by
A. terrorist attacks.
B. the mechanization of agriculture.
C. suburbanization.
D. the widespread use of electricity.
E. fear of nuclear war.
C. suburbanization.
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In the simple circular flow model, total income in one nation must equal
A) the sum of wages, rents, interest and profits. B) the yearly amount earned by that nation's resources. C) the total monetary value of all final goods and services. D) All of the above are correct.
The major problem with running a functionally organized firm is
a. Measuring divisions' performance b. Tying pay to performance c. Ensuring that the functional divisions are working towards a common goal d. All of the above
Cartels are difficult to operate for which of the following reasons?
a) The work only if members keep to their agreed output b) they are illegal worldwide c) Firms in a cartel are likely to lose money d) The products are perfectly competitive
The consensus estimate of the elasticity of labor supply among females is ?0.1. The interpretation of this estimate is what?
A. On average, women will increase hours of work by 1% when their wage increases by 10%. B. On average, women will reduce hours of work by 1% when their wage increases by 10%. C. On average, women will increase hours of work by 10% when their wage increases by 1%. D. On average, women will reduce hours of work by 10% when their wage increases by 1%. E. On average, women will reduce hours of work by 5% when their wage increases by 10%.