________ initiates action against antitrust law violators and decides which cases to prosecute.
A. Federal Utility Commission
B. Federal Trade Commission
C. The Antitrust Division of the Justice Department
D. Interstate Commerce Commission
Answer: C
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An example of a good or service that would not count in the U.S. GDP would be:
A. a t-shirt made by The Gap in Cambodia. B. a t-shirt made by Organi-tee in Oregon. C. a TV made by Toshiba in Georgia. D. a bottle of water made by Poland Springs in Maine.
The marginal propensity to consume (MPC) is the change in consumption divided by the change in saving
a. True b. False Indicate whether the statement is true or false
An investment in human capital will be financially profitable if the present discounted value of the future earnings generated by the investment exceeds the
a. present discounted value of both the direct and indirect costs of the investment. b. dollar amount of the direct and indirect costs of the investment. c. present discounted value of only the direct costs of the investment. d. present discounted value of only the indirect costs of the investment.
Human resources, as a source of creating value in a modern company, are also referred to as
A. dryware. B. software. C. wetware. D. hardware.