When an interest in the people's problems affects the outcome, not the changes themselves, it is known as
a. hawthorne effect
b. taylor effect
c. laissez faire effect
d. groupthink effect
Ans: a. hawthorne effect
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All else being equal, if Asian restaurants switch from serving French champagne to serving California wines, then the market equilibrium value of the exchange rate for the U.S. dollar will:
A. either rise or fall depending on whether the supply or demand for dollars changes more. B. become fixed. C. rise. D. fall.
Distinguish between monetary policy instruments and goals
What will be an ideal response?
Because loans to small and midsized businesses are rather __________, they have been relatively __________ to securitize
A) standardized; easy B) standardized; difficult C) not standardized; easy D) not standardized; difficult
Which of the following would be considered an investment when calculating GDP using the expenditure method?
a. Business expenses b. Stocks and bonds c. Annuities d. Retirement funds