The price elasticity of demand for purses is measured in what units?
A) dollars
B) purses
C) dollars per purse
D) The price elasticity of demand is a unitless measure.
D
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The marginal propensity to consume is defined as
A) the change in consumption divided by the change in disposable income. B) the change in disposable income divided by the change in consumption. C) consumption divided by disposable income. D) disposable income divided by consumption.
Which of the following could cause economic growth?
a. Growth in productivity b. Growth in the employment-population ratio c. Growth in the average number of hours worked d. Growth in the population e. All of these
If income increases in other countries, then U.S.
A. imports will increase. B. exports will increase. C. imports will decrease. D. exports will decrease.
When a manager enters the workplace from time to time to monitor workers, he is using:
A. a revenue-sharing plan. B. a piece-rate payment plan. C. a profit-sharing plan. D. spot checks.