Welfare caseloads tend to fluctuate with
a. business cycles.
b. weather.
c. stock markets.
d. minimum wage rates.
a. business cycles.
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When the demand curve for an input is a derived demand this means that
A) the demand curve is derived from the demand for the final product being produced. B) the demand curve depends upon the MFC. C) the law of diminishing marginal product does not hold. D) the demand curve slopes upward.
Which of the following is a feature of an M-Form organization?
a. divisions can respond more easily to changes in customer demand b. it is difficult to maintain customer relationships c. coordination across divisions is simple and does not take much management time d. evaluating employees is easier because managers typically are similarly trained
Personal consumption expenditures include:
a. all commodities that business firms buy. b. the purchase prices paid for stocks and bonds by individual households. c. the construction of residential housing. d. all goods and services bought by households. e. the corrected value of housewives' services.
Which of the following is not an example of a market?
a. A small town has only one seller of electricity. b. In the United States, a sick person cannot legally purchase a kidney. c. In Florida, there are many buyers and sellers of key lime pie. d. The availability of Internet shopping has expanded the clothing choices for buyers who do not live near large cities.