An employee that works on an assembly line performing the same task again and again is an example of
a. job specialization
b. job rotation
c. job sharing
d. none of the above
Ans: a. job specialization
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A graph shows that as fees to use ATM machines increase, people use them less frequently. The graph of this relationship would show
A) an inverse relationship. B) a negative relationship. C) a direct relationship. D) Both answers A and B are correct.
When the average total cost is at its minimum, it is:
a. equal to average variable cost. b. greater than marginal cost. c. equal to average fixed cost. d. equal to marginal cost. e. less than marginal cost.
In the specific factors model, a 5% increase in the price of food accompanied by a 0% increase in the price of cloth will cause wages to ________, the production of cloth to ________, and the production of food to ________
A) increase by less then 5%; decrease; increase B) increase by 5%; remain unchanged; remain unchanged C) increase by more then 5%; increase; remain unchanged D) remain constant; increase; increase E) remain constant; decrease; decrease
The EG-ADF test
A) is the similar to the DF-GLS test B) is a test for cointegration C) has as a limitation that it can only test if two variables, but not more than two, are cointegrated D) uses the ADF in the second step of its procedure