A classical economist believes that
A) if the economy was left alone, it would rarely operate at full employment.
B) the economy is self-regulating and always at full employment.
C) the economy is self-regulating and will normally, though not always, operate at full employment if monetary policy is not erratic.
D) the economy is self-regulating and will normally, though not always, operate at full employment if fiscal policy is not erratic.
B
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When the marginal propensity to consume foreign imports (MPCF) rises, ceteris paribus, what happens to the trade balance?
a. It increases. b. It decreases. c. It depends on what happens to the MPC of domestic goods. d. It will not change.
Number of CakesVCMCAVCFCTCATC0???50??1?30????2?????503??25???4????155?Table 8.3Table 8.3 presents the cost schedule for Candy's Cakes. If Candy produces two cakes, Candy's marginal cost is:
A. $0. B. $20. C. $25. D. $50.
A telecommunication company divided into different divisions for residential and business Internet service is an example of
a. An M-form of an organization b. A functional organization c. An N-form organization d. All of the above
One reason Henry Ford is famous was for instituting:
A. assembly lines in an effort to reduce worker turnover. B. efficiency wages in an effort to reduce worker absenteeism. C. minimum wages in an effort to increase productivity. D. unemployment benefits in response to the first unionized workers.