Economic growth causes:
A. a movement away from the production possibility curve.
B. the production possibility curve to shift in.
C. the production possibility curve to shift out.
D. a movement toward the production possibility curve.
Answer: C
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Corporate culture can be a strategic asset if it
A) adds value. B) adds value and can be duplicated. C) adds value and cannot be duplicated. D) can be franchised.
A budget deficit is incurred whenever:
A. Tax revenues fall short of expenditures over the fiscal year. B. Discretionary fiscal spending is used to achieve macro equilibrium. C. The U.S. Treasury engages in refinancing activities. D. The government uses fiscal policy.
The moral hazard that can result from debt financing is mainly due to the:
A. borrower wanting to refinance the loan. B. economy turning sour and the borrower defaulting. C. borrower taking greater risk in hopes of obtaining a larger return. D. borrower not working as hard once he or she obtains the loan.
Which of following age groups is most likely to have the longest duration of continuous unemployment?
A) 15-19 years B) 20-24 years C) 45-54 years D) Over 55 years