What is the name of the group which decides when recessions begin and end?
A) the Business Cycle Dating Committee
B) the Bureau of Labor Statistics
C) the Commerce Department
D) the Federal Reserve Open Market Committee
A
You might also like to view...
If expenditure by the government of a country increases, ________
A) the aggregate price level of the country will decrease B) the country's expenditure on consumption will decrease C) the unemployment rate in the country will increase D) the gross domestic product of the country will increase
Economists assume that the goal of a firm is to
A) maximize economic profits. B) sell as many units as possible. C) maximize gross revenues. D) be the largest firm in its industry.
_____ are an institution where the protocols may determine a _____ and the expected revenue of the seller
a. Contracts; buyer's pricing strategy b. Auctions; participant's best bidding strategy c. Auctions; participant's chances of winning the bid d. Contracts; buyer's share of gains from the transaction
A quota is
A) a tax imposed on imported goods. B) a legal limit on the amount of a good that can be produced by foreign owners of a firm located in a host country. C) a legal limit on the amount of a good that can be imported. D) an agreement between two countries in which the exporting country voluntarily agrees to limit its exports to the importing country.