A billboard is an example of
a. active listening
b. two-way communication
c. one-way communication
d. none of the above
Ans: c. one-way communication
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The growth rate of average annual earnings in the United States from 1973 to 1995 was:
A. roughly equal to zero. B. higher than it was from 1960 to 1973. C. the same as it was from 1960 to 1973. D. lower than it was from 1960 to 1973.
Laws and courts tend to make markets work ________ and make society ________
A) less effectively; poorer B) less effectively; richer C) more effectively; poorer D) more effectively; richer
A free market can be defined as a market structure where all exchanges are voluntary, and prices are free to fluctuate. Does a perfectly competitive market qualify as a free market?
What will be an ideal response?
If the value of the marginal product of labor exceeds the wage, then the firm could
a. increase profit by hiring additional labor. b. increase profit by reducing the amount of labor hired. c. increase revenue by lowering output. d. reduce total cost by hiring additional workers.