What is an inside director?
A) a movie director who also appears in the movie
B) a member of a corporate board of directors that is also a manager of the business
C) the CEO that is selected by the corporation's board of directors
D) a board of director chair who has been in the job for at least three years
Answer: B
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Mr. Paque is a bear hunter for timber companies that want to diminish damage to trees done by bears in the spring. Due to a reduction in the bear population between 1995 and 2005, Mr. Paque finds fewer bears each year and additional hours spent hunting produce fewer additional bears. With the information given and noting that the bounty on bears has risen, one can conclude that (i) Mr. Paque's
income per hunting hours will fall; (ii) the derived demand for Mr. Paque's services will shift left. a. i and ii b. i not ii c. ii not i d. neither i nor ii
(Consider This) The supply of higher education in the United States is
What will be an ideal response?
In a monopolistically competitive market there are
A) many firms. B) one firm. C) a very small number of firms. D) two firms.
The government might increase its spending to end a recession because:
A. allowing the short-run aggregate supply to adjust since back to the long-run can take a long time. B. the economy experiences lower prices at the long-run equilibrium. C. the economy enjoys a higher level of output in the long run. D. None of these justify why the government might change its spending to end a recession.