When Wilma in Wisconsin buys stock in BMW in Germany, NCO:
A. increases.
B. is unaffected.
C. decreases.
D. is zero.
Answer: A
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The price elasticity of demand for labor will be smaller, the
A) greater is the price elasticity of demand for the final product. B) easier it is to employ substitute inputs in production. C) smaller is the proportion of wage costs in the total cost of production. D) longer is the time period under examination.
The Keynesian short-run aggregate supply (SRAS) curve
A. assumes a full-employment level of real Gross Domestic Product (GDP). B. is horizontal. C. shows that real Gross Domestic Product (GDP) will increase only if the price level increases. D. does not reflect any changes in nominal Gross Domestic Product (GDP).
Answer the following statements true (T) or false (F)
1. ) The oral interview board is where candidates for promotion are given a situation and must act out how they would deal with the situation. 2. ) The written promotional test essentially measures candidates' job knowledge. 3. ) The performance appraisal can provide invaluable information when making decisions about transfers across units. 4. ) Training is the only method to manage risk for police auto liability. 5. ) The only purpose of risk management is to reduce the risk of litigation.
What does the area labeled C show?
a. increase in revenue due to change in quantity
b. decrease in revenue due to change in quantity
c. increase in revenue due to change in price
d. decrease in revenue due to change in price