The growth of total output in the United States since 1929 has been:
A. rapid but with fluctuations
B. rapid and smoothed.
C. slow and steady
D. slow with fluctuations
Answer: A
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Valeria is a closed economy, where consumption totals $3 billion, tax payments are $300 million, government spending is $1 billion, and GDP is $5 billion. Private saving amounts to
a. $1.7 billion and Valeria's government runs a budget deficit. b. $1.7 billion and Valeria's government runs a budget surplus. c. $1 billion and Valeria's government runs a budget deficit. d. $1 billion and Valeria's government runs a budget surplus
Cartels that set prices and allocate sales among their member firms were commonly referred to in the late 19th century as
A. conglomerates. B. trusts. C. monopolies. D. multinationals.
The silly clothes worn by a circus clown are an example of:
A. a natural resource. B. capital goods. C. labor. D. entrepreneurship.
Job analysis is important for both managers and employees because it is
A. the basis for a work-related rationale for pay differences. B. an important result of the job evaluation process. C. required under the Fair Labor Standards Act. D. required for performance appraisal.