Which of the following is NOT a characteristic of populist regimes?
A) Nationalistic ideologies
B) Focus on economic growth
C) Focus on income redistribution
D) Using economic tools to reach specific goals regarding labor, the orientation of business or the role of foreigners
E) Focus on controlling inflation
E
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After you finish your degree, suppose your salary is $52,000 per year. This is an example of money as
A) a medium of exchange. B) a unit of account. C) a store of value. D) M1.
Which of the following would be counted in U.S. GDP?
a. The salary of an American professor teaching in England b. The value of a used U.S.-produced car purchased in the U.S. c. The value of a new U.S.-produced car purchased by a French citizen d. The value of a new French-produced car purchased by a U.S. citizen within in the U.S. e. The value of a General Electric corporate bond bought by a Japanese citizen
Which of the following states had the highest incidence of union membership as a percent of all wage and salary workers in 2012?
a. New York b. Arkansas c. North Carolina d. California
The function a decision maker seeks to maximize or minimize is the ________ function.
A. marginal B. decision-making C. optimal D. objective E. none of the above