Which economy tends to use loyalty as a motivating factor?
a. China
b. India
c. USSR
d. Japan
e. all of the above
D
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In Figure 3-7 above, the multiplier effect does NOT explain
A) the increase in equilibrium income. B) the increase in induced saving. C) the increase in AP. D) all of the above.
The higher the cost of talking on a cell phone in public (in terms of being perceived by others as rude) the less likely one is to do so
Indicate whether the statement is true or false
Which of the following is a key characteristic of the indifference curve?
A. Indifference curves can cross to show transitivity of products. B. As more of one good is consumed more of the other good must also be consumed. C. Indifference curves are concave to the origin. D. Indifference curves further from the origin are preferred to those closer to the origin.
What is meant by the natural rate of unemployment?
What will be an ideal response?