Referent power is the same as
a. laissez faire leadership
b. charismatic leadership
c. peer pressure
d. expert leadership
Ans: b. charismatic leadership
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In the above scenario, the quantity of gas sold will
a. increase. b. decrease. c. remains the same. d. may increase or decrease.
During a recession:
a. Government spending automatically rises and taxes automatically rise. b. Government spending automatically falls and taxes automatically rise. c. Government spending rises automatically and taxes fall automatically. d. Government spending and taxes do not tend to change. e. None of the above.
Which of the following is not correct?
a. A risk averse person might be willing to hold stocks. b. Other things the same, a portfolio with the stocks of a large number of companies has less risk. c. Other things the same, the larger a portion of savings a person invests in stocks, the greater his expected return. d. Diversification can eliminate market risk but not firm-specific risk.
If two units of a good provide 8 utils and the marginal utility of the third unit of the good is 2 utils, what is the total utility from consuming three units of the good?
A) 2 utils B) 8 utils C) 10 utils D) 6 utils