Defense, construction, and management consulting are usually set up as
A. network designs.
B. Uforms of business organizations.
C. Mforms of business organizations.
D. matrix designs.
Answer: D
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Which one of the following statements is NOT correct?
A) Unemployment can occur even when an economy is growing. B) The line between frictional and structural unemployment is sometimes hard to draw. C) The natural rate of unemployment is estimated to be between 5 percent and 6.5 percent in the U.S. D) The term "full employment" means that 100 percent of the labor force is employed.
Refer to the information provided in Figure 20.1 below to answer the question(s) that follow.
Figure 20.1Refer to Figure 20.1. The opportunity cost of producing a bushel of soybeans in the United States is
A. half a bushel of alfalfa. B. 1 bushel of alfalfa. C. 2 bushels of alfalfa. D. 300 bushels of alfalfa.
Because a price floor causes:
A. a surplus, everyone will be better off. B. a shortage, rent-seeking will occur. C. a surplus, some producers may ultimately lose because they won't have enough customers. D. a shortage, some form of rationing must occur.
Which of the following statements is false?
A. The price mechanism is most important under capitalism. B. The five-year plan was the main economic plan of the former Soviet Union. C. In most fascist economies, the means of production was left in private hands, with varying degrees of government interference. D. The main criticism of socialist countries is that they gave their citizens too many benefits.