The saving rate equals saving divided by:
A. income.
B. wealth.
C. liabilities.
D. assets.
Answer: A
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The term that is used to refer to a situation in which one party to a transaction has more or better information than the other party is
A) adverse selection. B) asymmetric information. C) moral hazard. D) deceptive trade practices.
If discrimination ceased altogether, minority workers would still be handicapped by past labor market discrimination
Indicate whether the statement is true or false
If your supplier becomes more profitable
a. you become more profitable by acquiring it b. you become less profitable by acquiring it c. acquiring it will make you more profitable if there are no synergies to exploit d. unless there are synergies to exploit through acquisition, acquiring it will not make you more profitable
For any competitive labor market, changes that decrease the number of workers will:
A. decrease the labor supply and shift the supply curve left. B. increase the labor supply and shift the supply curve right. C. decrease the labor supply and shift the supply curve right. D. increase the labor supply and shift the supply curve left.