An economic expansion reflects
a. any movement from disequilibrium to a new equilibrium
b. the increase in output and decrease in employment level following a recession
c. the increase in output and employment levels following a recession
d. the rising wage rates that follow economic instability
e. instability in government tax revenues.
C
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In which of the following contracts is the agent's payment unaffected by his performance?
A) fixed-fee contract B) hire contract C) contingent contract D) sharing contract
Office Paper is an office supply firm. If the managers of Office Paper sell 10,000 boxes of staples a year and each order contains 1,000 boxes of staples, how many orders will the managers submit a year?
A) 10,000 B) 1,000 C) 100 D) 10
Limited liability means all members of a partnership are liable for the debts incurred by one another.
Answer the following statement true (T) or false (F)
Splitting money across different investments (diversification) reduces risk but also reduces the rate of return, according to the risk-return principle.
Answer the following statement true (T) or false (F)