Changing how production is organized cannot result in changes in productivity
Indicate whether the statement is true or false
False. Henry Ford assembly line is an example of how changes in the organization of production increased productivity.
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M2 consists of
A) M1 plus currency at the banks. B) M1 plus Federal Reserve notes. C) M1 plus checkable deposits. D) M1 plus saving deposits, small time deposits, and money market funds. E) M1 plus traveler's checks.
The branch of economics which studies how households and firms make choices, interact in markets, and how government attempts to influence their choices is called
A) microeconomics. B) positive economics. C) normative economics. D) macroeconomics.
When a tariff is imposed, the supply curve for the imported good
A) shifts downward and to the right. B) shifts upward and to the left. C) does not change. D) becomes perfectly inelastic.
Corporations have the disadvantage of (i) double taxation; (ii) unlimited liability
a. i and ii b. i not ii c. ii not i d. neither i nor ii