Which of the following is TRUE about firms organized along functional lines?
a. Workers develop functional expertise
b. Workers can easily share information within their division
c. They foster the exploitation of economies of scale
d. All of the above
d
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In the traditional Keynesian model, if the government increases government spending,
A) the C + I + G + X line will shift up but the aggregate demand curve will not shift. B) the C + I + G + X line will shift down but the aggregate demand curve will not shift. C) the C + I + G + X line will shift up and the aggregate demand curve will shift to the right. D) the C + I + G + X line will shift down and the aggregate demand curve will shift to the left.
The U.S. government can continue to run a deficit as long as the cost of servicing the resulting debt remains manageable
a. True b. False Indicate whether the statement is true or false
Between 1968 and 2008 the poorest 60% of the population experienced a _______ in its percentage share of the nation's wealth.
A. substantial decrease B. small decrease C. small increase D. substantial increase
Non-inflation-adjusted ("nominal") gasoline prices reached their all-time highs in
A. 2001. B. 2008. C. 1991. D. 1982.