Which of the following is the most common goal for central banks of industrialized countries?
A) high employment
B) high economic growth
C) low interest rates
D) low inflation
D
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"The market has failed to provide enough rental housing in New York City. This demonstrates another failure of free markets-they may lead to shortages of necessities." Explain why you agree or disagree
Bill lives in Montana and likes to grow zucchini. He applies fertilizer to his crops twice during the growing season and notices that the second layer of fertilizer increases his crop, but not as much as the first layer. What economic concept best explains this observation?
A. The law of diminishing marginal utility. B. The law of diminishing returns. C. Return equalization principle. D. The principal-agent problem.
Some companies are having their technical support calls answered by people located in India. This is an example of
A) a factor that shifts the supply of labor curve in the U.S. B) insourcing. C) outsourcing. D) a change in the demand for the final product that labor produces.
A corporation is limited to how many owners?
A) 1 B) 2 C) less than 10 D) There is no limit to the number of owners.