The learning curve suggests that an individual will
A) receive the same income throughout a career.
B) gain experience and increase productivity over time.
C) be subject to frequent spells of unemployment.
D) have an income that falls over time.
B
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In an open economy with flexible exchange rates, monetary policy affects ________ through changes in the real interest rate and affects ________ through changes in the exchange rate.
A. taxes and saving; net exports B. consumption and investment; net exports C. net exports; taxes and saving D. productivity and growth; consumption
New York City limits the number of taxi cabs that can legally operate in the city. The most likely result of this practice is that
a. cab fares will be lower. b. cab fares will be higher. c. the cost of operating a taxicab will be lower. d. subway fares will decrease.
What are the characteristics of oligopoly?
What will be an ideal response?
Hitler's Germany was an example of a _________ economic system.
A. Capitalist B. Fascist C. Communist D. Socialist