If a manager maintains flexibility while designing a proposal, she may risk:
A. increasing the benefits beyond the costs of the proposal.
B. losing her place in the internal labor market.
C. being seen as uncommitted to the proposal.
D. being the first employee to present the proposal.
Answer: C
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Which of the following is NOT an activity carried out by Federal Reserve district banks?
A) open market operations B) issuing new Federal Reserve Notes C) making discount loans D) examining state member banks
When manufacturing a car, parts must be soldered together. This work can be done by labor or by a robot (capital). More robots will be hired when the price of labor increases. This is known as
A) the effect of changing labor productivity. B) marginal revenue product. C) the complementary effect. D) the substitution effect.
The demand for a resource rises as
A. its productivity rises and the relative prices of substitutable resources rises. B. its productivity rises and the prices of substitutable resources falls. C. its productivity falls and the relative prices of substitutable resources falls. D. its productivity falls and prices of substitutable resources falls.
In the late 1990s, Thailand, Malaysia, and Indonesia all experienced sharp declines in the value of their currencies; this resulted in economic instability and crisis. The collapse in the values of their currencies undermined their development by:
A. decreasing political instability. B. decreasing population growth. C. increasing corruption. D. reducing investment.