Functional divisions
a. Make it easier to tie pay to performance
b. Make it more difficult to tie pay to performance
c. Break all ties between pay and performance
d. None of the above
a
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Jim recently graduated from college. His income increased dramatically;from$5000 a year to $60,000 a year. Jim decides that instead of using the bus, he would buy a car. This implies that
a. The car is a normal goods for Jim b. The car is an inferior goods for Jim c. The bus and the car are complementary for Jim d. Need information on the price of cars
According to the information in the table shown, if someone were earning $20,000 in Mexico, approximately what would he need to earn in the United States to enjoy the same amount of goods and services?
This table shows the price-level adjustment as compared to the United States.
A. $30,303
B. $35,000
C. $20,030
D. $15,000
If a pharmaceutical company discovers a new drug and successfully patents it, patent law gives the firm
a. partial ownership of the right to sell the drug for a limited number of years. b. partial ownership of the right to sell the drug for an unlimited number of years. c. sole ownership of the right to sell the drug for a limited number of years. d. sole ownership of the right to sell the drug for an unlimited number of years.
If two nominal exchange rates are given as 4 shekel/dollar and 0.711 dinar/dollar, so 1 dollar can buy either 4 shekels or 0.711 dinars, then each Jordanian dinar is worth ________ Israeli shekels, and each shekel is worth ________ dinars.
A. 0.51; 1.96 B. 0.178; 5.623 C. 5.623; 0.178 D. 1.96; 0.51