The Employment Act of 1946, which sets up the Council of Economic Advisers,
(a) was the final legislation of the New Deal.
(b) grew out of the War Manpower Board's experience.
(c) grew out of financial negotiations with Britain.
(d) was the product of New Deal experience with fiscal policy.
(c)
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The use of checks in transactions
A) entails lower information costs than the use of currency. B) entails fewer steps than settling transactions with currency. C) avoids the cost of transporting currency back and forth. D) entails lower information and fewer steps than settling transactions with currency.
A drawback in using the payback approach to capital budgeting decisions is
A) it doesn't account for the time value of money. B) it ignores cash flows beyond the payback period. C) it doesn't adjust for differences in the stream of cash flows. D) All of the above
Which one of the following is an example of an external cost?
A) the cost to attend college B) labor costs to a firm C) emissions from a factory D) a house payment owed by a friend
A craft union is a labor organization that represents people with a particular skill.
Answer the following statement true (T) or false (F)