Why is it that a firm will typically not pay for general training?
A. The skills gained from the general training are transferable to other firms.
B. General training is expensive.
C. The benefits of general training depreciate quickly.
D. General training does not increase worker productivity.
E. General training is free.
Answer: A
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The Sarbanes-Oxley Act was passed in response to the 2007-2009 financial crisis
Indicate whether the statement is true or false
The gravity model offers a logical explanation for the fact that
A) trade between Asia and the U.S. has grown faster than NAFTA trade. B) trade in services has grown faster than trade in goods. C) trade in manufactures has grown faster than in agricultural products. D) Intra-European Union trade exceeds international trade by the European Union. E) the U.S. trades more with Western Europe than it does with Canada.
The example of an inflationary gap in 2006-2007 suggested that the economy adjusts
a. rapidly to inflationary gaps by lowering prices. b. rapidly to inflationary gaps by raising prices. c. slowly to inflationary gaps by lowering prices. d. slowly to inflationary gaps by increasing inflation.
Monetary policy includes changes in government spending
a. True b. False Indicate whether the statement is true or false