"Corporate governance" refers to aspects of the corporation like:
A. decentralization of decision rights to union workers.
B. the corporate tax rate.
C. compensation given to the top management.
D. government regulation of corporate health and safety.
Answer: C
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The natural rate of unemployment includes
A) frictional and cyclical unemployment. B) frictional unemployment and structural unemployment. C) only cyclical unemployment. D) only unemployment due to layoffs and corporate downsizing.
To compare the price of a loaf of bread produced in 1993 with the price of a loaf produced in this year, you should compare the value of the bread in
A) CPI quantity. B) real quantity. C) nominal prices. D) nominal quantity. E) real prices.
In the long run, profits will equal zero in a competitive market because of
A) constant returns to scale. B) identical products being produced by all firms. C) the availability of information. D) free entry and exit.
A worker is ?underemployed? if she is working at a job for which her skills far exceed the requirements for the job
Indicate whether the statement is true or false