Inflation results
(a) when the price of one good or service increases.
(b) when too much money is chasing too few goods.
(c) when prices, on average, decrease across the economy.
(d) when banks decrease lending.
(b)
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Most mutual funds are
A) no-load funds. B) load funds. C) large-load funds. D) small-load funds.
Examples of incentive pay include
a. commission sales b. providing onsite parking for employees c. cleaning the worksite with weekly janitorial service d. offering a certain number of sick days
The allocation of resources is efficient under an idealized free market system.
Answer the following statement true (T) or false (F)
Consider a two-country, two-commodity model. The table below shows the units of Good X and Good Y produced in Country A and Country B per labor hour. If Country A transfers one labor hour from the production of Good Y to the production of Good X, total world production of Good X will ________ by ________ unit(s). ProductivityCountry ACountry BGood X1.000.50Good Y0.200.70
A. decrease; 0.7 B. increase; 0.5 C. increase; one D. decrease; 1.43