Which of the following statements is true?
A) Firm-specific training results in losses to a worker.
B) Firm-specific training results in losses to a worker's employer.
C) A worker is more likely to pay for firm-specific training than for general training.
D) A worker is more likely to pay for general training than for firm-specific training.
D
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An increase in the expected rate of inflation will ________ the expected return on bonds relative to the that on ________ assets, everything else held constant
A) reduce; financial B) reduce; real C) raise; financial D) raise; real
In the 1970s, the main economic problem was
A. stagflation. B. huge budget surpluses. C. a slow growing money supply. D. an economy that was expanding too rapidly.
Which of the following is an example of antitrust legislation?
a. a law that breaks up an oil monopoly b. a law that approves a subsidy for drug research c. a law that prevents price fixing in the CD industry d. a law that requires a construction firm to stop predatory pricing
The largest component of GDP is:
A. government purchases. B. net foreign factor income earned in the United States. C. gross private domestic investment. D. personal consumption expenditures.