Firms will be much more willing to consent to significant wage increases when
a. right-to-work laws are present.
b. the demand for the final product is weak.
c. the firm has low product inventory.
d. the demand for the final product is elastic.
C
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Which of the following statements would appeal to someone who favors an expanded public sector as the basis of expansionary fiscal policy?
A. “The government isn’t the solution; it’s the problem.” B. “The government that governs least governs best.” C. “The American people want national defense; they want laws to be enforced; they want federal support for education and environmental protection, and they want transfer payments for the elderly and unemployed.” D. “If you ever got anything good out of the government you can be sure that some rich so-and-so got more.”
All of the following accurately describe microlending EXCEPT:
A) it involves small loans B) lending is primarily undertaken by the government C) the borrowers are people who are attempting to start or expand a small business D) many economists think it has aided economic growth in many low-income countries
The manager of View Your World, a high-end window manufacturer, notices that the cost to purchase glass for their windows in the spot market has fallen. As a result of the change, which of the following is true?
A) The manager has less of an incentive to integrate backward. B) The manager has less of an incentive to integrate forward. C) The manager has more of an incentive to integrate forward. D) The manager has more of an incentive to integrate backward.
Eugene White's 1989 study did NOT find that:
a. an increased willingness on the part of New York banks to supply call loans caused the bull market. b. interest rates on call loans increased by roughly 50% from 1922 to 1929. c. credit was being pulled into the stock market by rising interest rates on call loans. d. White's study found all of these things to be true.