Numerically, the dominant type of business enterprise in the United States is
A) the corporation.
B) the partnership.
C) the proprietorship.
D) the multinational corporation.
C
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In order for education to be effective as a signal of worker productivity it must be
A. easy for everyone to get a college degree. B. costly for less productive workers to imitate. C. that the employee has taken classes in economics. D. none of the above make education an effective signal.
According to Keynes, the economy is inherently unstable and may get stuck in a recessionary gap
Indicate whether the statement is true or false
A city's decision to limit smoking in public areas is an example of
A. The invisible hand at work. B. The market mechanism at work. C. Government intervention. D. Market success.
Economics is the study of
A. how government officials decide which goods and services are produced. B. the role of money in markets. C. how to invest in the stock market. D. how society uses limited resources.