Which defense mechanism occurs when someone transfers their thoughts and feelings onto others?
a. denial
b. suppression
c. reaction formation
d. projection
Ans: d. projection
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Assume a firm is a monopoly and enjoys $10 million in profits per year. The firm lobbies to have a moratorium passed by Congress on new firms in its market for the next 25 years
If there is no discount rate, how much would the firm be willing to pay to deter entry? A) $250 million B) $25 million C) $100 million D) $250 billion
What is an arrangement between countries to allow free trade between members called?
a. economic union b. common market c. trade forum d. free trade agreement
The total indebtedness of the federal government in the form of outstanding interest-earning bonds is the
a. budget deficit. b. budget surplus. c. national debt. d. trade deficit.
Workers at a car-manufacturing plant are replaced by automated machinery. What type of unemployment best describes the workers' situation?
A. Structural unemployment B. Full unemployment C. Frictional unemployment D. Cyclical unemployment