The real purchasing power of the average worker's yearly earnings in the United States in 2014 was ________ as in 1929.
A. more than twice as large
B. about the same
C. five times as large
D. about half as much
Answer: C
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a. True b. False Indicate whether the statement is true or false
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a. situational leadership b. participative ledership c. autocratic leadership d. laissez faire leadership
An important role of central banks during a financial crisis is:
A. eliminating bank reserves. B. passing new bank regulations. C. acting as the lender of last resort. D. closing banks.
When a U.S. company shifts its call-center operations overseas to reduce costs, it is applying the economic concept of:
A. thinking at the margin. B. comparative advantage. C. diminishing returns. D. using assumptions to simplify.