During a recession, when unemployment is rising, the number of new jobs created is, typically, ________
A) large, but smaller than the number of jobs lost
B) small, and below the number of jobs lost
C) small, but higher than the number of jobs lost
D) large, but smaller than net entrants to the labor force
A
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All of the following result from an optimal level of conflict EXCEPT:
If TruLite's factory workers receive an hourly wage, described by the equation; Employee compensation = $5.00 + 0.10Q, where Q is the number of light switches installed per hour, then:
A. effort is unimportant in the performance evaluation system of the firm. B. $5.00 is the basic incentive to produce. C. Q is entirely dependent on random elements in the production system. D. $0.10 is the incentive to increase effort.
Inefficient production or unemployment exists when the economy is ________ the production possibilities curve.
A) operating inside B) operating on C) operating outside D) moving along
The president of a toy company asks you for advice about whether the company should cut the price of its best-selling doll this year based on the following information: last year the company cut the price of its best-selling doll by 10% and the total
revenues from doll sales increased by 10%. Please provide the best answer for the statement.