Answer the following statements true (T) or false (F)
1. Accommodation involves minimum intrusion on the part of the superior, who attempts to smooth over differences between those engaged in the conflict.
2. Competition and compromise strategies generally result in win-win outcomes, where all sides win.
3. Sergeants frequently use compromise when they make the work schedule in an attempt to divide days off and hours worked so that everyone is accommodated to some extent.
4. The most common reaction to conflict is competition.
1. TRUE
2. FALSE
3. TRUE
4. FALSE
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John Maynard Keynes argued that if many households decide at the same time to increase saving and reduce spending
A) the economy will benefit in the short run and benefit by an even greater amount in the long run. B) this will have a major negative impact on the economy in both the short run and in the long run. C) this may benefit the economy in the long run, but could be counterproductive in the short run. D) this may benefit the economy in the short run, but not in the long run.
Elasticity of demand is calculated using percentage changes in both price and quantity
a. True b. False Indicate whether the statement is true or false
To increase the money supply, the Fed could
a. sell government bonds. b. increase the discount rate. c. decrease the reserve requirement. d. None of the above is correct.
Andy does not bother to lock the door to his house because he has theft insurance. This is an example of:
A. a positive spillover. B. moral hazard. C. adverse selection. D. irrational behavior.