Once a division manager sees that production goal for a time period is likely to be met
a. he has an incentive to increase the pace of production
b. he has an incentive to decrease the pace of production
c. he does not have an incentive to change the pace of production
d. he has an incentive to produce other products
b
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The unemployment rate is defined as the:
A) percentage of civilian non-institutionalized population aged 14 or over that is unemployed. B) percentage of labor force that is unemployed. C) percentage of total population that is unemployed. D) percentage of civilian non-institutionalized population aged 12 or over that is unemployed.
The above table has data from the nation of Atlantica. Based on these data, what is marginal propensity to consume?
A) 1.50 B) 1.00 C) 1.33 D) 0.50 E) 0.75
In the Heckscher-Ohlin model, countries are assumed to differ only in terms of their
A) factor endowments. B) tastes and preferences. C) available technologies. D) factor productivities. E) physical size.
Three possible reasons for an above-equilibrium wage are minimum-wage laws, unions, and efficiency wages
a. True b. False Indicate whether the statement is true or false