An economy's resources:
A. can always be overutilized.
B. can never be overutilized.
C. can be overutilized, but only temporarily.
D. are always fully employed.
Answer: C
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The symbiotic relationship between mass production and mass consumption was best personified by
A. John D. Rockefeller. B. Andrew Carnegie. C. Henry Ford. D. John Deere.
Which of the following serves only the best known and heavily traded securities?
A. NYSE B. Multiple regional exchanges C. AMEX D. NASAQ
Graphically express a production possibilities curve. What do points on, inside and outside the curve represent? What does a rightward shift of the curve represent? How is economic growth expressed in terms of the production possibilities model?
The idea of paying workers an efficiency wage is that
a. employers will find it profitable to hire more workers. b. workers receive wages consistent with their specific compensating differentials. c. workers and management gain at the expense of the stockholders of the company. d. workers have the incentive to work harder, thus increasing their marginal productivity.