"There should be less discrimination against the elderly." This is an example of a
a. normative statement
b. positive statement
c. forecast
d. hypothesis
e. prediction
A
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A firm's ability to process information depends on:
a. its human resources. b. how the information is transferred within the organization. c. its organizational design. d. how the information originates.
A reduction in net exports, all other things unchanged
A. results in a movement up along the aggregate demand curve. B. reduces aggregate supply. C. reduces aggregate demand. D. does not change aggregate demand or aggregate supply in the domestic economy.
Inflation refers to the situation when
A. the rate at which prices are rising is rising. B. all prices rise by the same rate. C. the average of all prices is increasing. D. the prices of necessities increase.
Scientists find that eating corn three times a day will prolong life. This leads to a shift in preferences away from wheat and toward corn. As we move from one equilibrium to another, we can predict that
A. even if they use different technologies, no input markets are affected because they use the same inputs. B. all input markets except land are affected because both products use land as an input. C. all input markets are affected. D. labor markets are not affected because the wheat industry and the corn industry use laborers to drive tractors.