As a firm increases its output in the short run,
a. it also varies its technology
b. it increases all of its inputs
c. it increases its plant size
d. it increases only one of its inputs
e. at least one of its inputs is fixed
E
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The Age of the great industrial capitalist was
A. the first quarter of the 19th century. B. the second quarter of the 19th century. C. the third quarter of the 19th century. D. the fourth quarter of the 19th century.
Elena works as a housekeeping staff member in a hotel. Her task is to clean the rooms that are unoccupied by guests. Because it is not possible for her boss to monitor her work regularly, she often skips cleaning some of the rooms
a) What is the term used to refer to such behavior? b) How can the management motivate workers like Elena to work harder?
Which of the following is most likely to increase the natural rate of unemployment?
a. An increase in the age of the working population b. A shift from service to manufacturing jobs c. An increase in the minimum wage rate d. A reduction in social security benefits e. A reduction in direct taxes
Which of the following transactions would be included in the GDP of the United States?
A. McDonald's sells hamburgers in Russia. B. Coca Cola produces soft drinks in England. C. Honda produces cars in Ohio. D. Ford Motor Company produces cars in Mexico.