An open economy has ________ included in the GDP
A) unemployment B) net exports C) taxation factors D) salary increases
B
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A study of expenditures on food in cities resulting in the following equation: Log E = 0.693 Log Y + 0.224 Log N where E is Food Expenditures; Y is total expenditures on goods and services; and N is the size of the family. This evidence implies:
a. that as total expenditures on goods and services rises, food expenditures falls. b. that a one-percent increase in family size increases food expenditures .693%. c. that a one-percent increase in family size increases food expenditures .224%. d. that a one-percent increase in total expenditures increases food expenditures 1%. e. that as family size increases, food expenditures go down.
The Federal Trade Commission (FTC) was established to investigate unfair and deceptive business practices
a. True b. False Indicate whether the statement is true or false
Final offer arbitration
A. is particularly useful at brining both sides closer to common ground. B. provides an incentive for the union, but not the firm's management, to make a more reasonable final offer. C. rarely makes the entire bargaining process more efficient. D. provides an incentive for the firm's management, but not the union, to make a more reasonable final offer. E. would never be chosen by a public sector union if the state did not require it.
If the price of chili increases, there will be ________ of chili cheese fries.
A. an increase in the supply B. a decrease in the quantity supplied C. a decrease in the supply D. an increase in the quantity supplied