Which of the following forces did Keynes assert had the strongest influence on consumption decisions?
A. Wealth.
B. Interest rates.
C. Disposable income.
D. Prices.
Answer: C
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In the long run, ________ dominate exchange rate movements
A) short-run inflation differentials B) long-run inflation differentials C) short-run relative price changes D) All of the above
Which government agency is in charge of hearing workers’ complaints of discrimination against them by their employer?
a. SEC b. BLS c. FCEE d. EEOC
Answer the following statement(s) true (T) or false (F)
1. In a planned economy, an individual's personal income dictates his or her spending choices. 2. Although the United States comes close to being a capitalist economy, it is considered a mixed economy because there is some government intervention. 3. Business managers do not need to be aware of the decisions of collective businesses outside their own industry. 4. The value of currency is based on an underlying commodity. 5. The price of a product or service is based entirely on its actual value.
Social costs are
A. borne by individuals who incur them. B. borne by no one in society. C. the full cost borne by society whenever a resource use occurs. D. costs that are borne by the government.