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demand as consumers try to economize because of the shortage. This is an example of a.
b.
both the supply and demand curves.
c.
the supply curve.
d.
the supply curve and a rightward shift in the demand curve, which will result in a higher price.
D
36.
A good produced in 2000 and held in inventory until it is sold in 2001 would be included in which measure of GDP?
a.
Half the value in 2000 and half the value in 2001
b.
In 2001 GDP
c.
In both 2000 and 2001 GDP
d.
In 2000 GDP
B
37.
In 1999, you buy a beautiful vintage 1965 Thunderbird convertible. This purchase would
a.
be included in the GDP for 1999.
b.
not be included in the GDP for 1999.
c.
be included in both the GDP for 1965 and 1999.
d.
be in the GDP for 1999 at a depreciated value.
B
38.
Gross Domestic Product is a monetary measure of a.
total consumption in the economy.
b.
the total value of all final goods and services.
c.
total industrial output.
d.
the total value of all foreign sales and purchases.
B
39.
The most severe depression in the United States was the 30% decrease in real GDP that occurred between
a.
1899 and 1913.
b.
1929 and 1933.
c.
1959 and 1963.
d.
1979 and 1983.
B
40.
If wages rise by 12% at the same time prices rise by 3%, then the increase in real wages is equal to a.
12%.
b.
9%.
c.
6%.
d.
3%.
C
41.
According to economists, one of the signs of an unhealthy economy is a (n)
a.
rising price level.
b.
increasing real GDP.
c.
declining real GDP.
d.
falling price level.
C
42.
A decrease in the capital stock would be expected to a.
decrease the labor force.
b.
increase the level of output.
c.
decrease real GDP per capita.
d.
increase real GDP per capita.
B
43.
Persons who have given up looking for work are classified as
a.
cyclical unemployment.
b.
seasonal unemployment.
c.
frictional unemployment.
d.
structural unemployment.
D
46.
Which of the following scenarios best illustrates the concept of cyclical unemployment?
a.
Grace loses her job because of new automated machinery.
b.
Sean quits his job to look for work that is more fun.
c.
Ellen quits looking for work because she doesn't think she can find a suitable job.
d.
Marian loses her job because of a recession.
A
47.
Full employment is defined by most economists as the minimization of a.
cyclical unemployment.
b.
frictional unemployment.
c.
seasonal unemployment.
d.
structural unemployment.
C
48.
Older Americans living on a pension and therefore on a fixed income, tend to be made
a.
better off when prices rise.
b.
better off when inflation rates rise.
c.
worse off when prices rise.
d.
worse off when prices fall.
A
49.
Which of the following groups would most likely to benefit from inflation?
a.
borrowers
b.
lenders
c.
creditors
d.
pensioners
C
50.
Rachel agrees to lend Phoebe $100 for six months and charges her interest of 2%. At the end of the six-month period, prices have risen by 4%.
a.
Purchasing power has been redistributed to Rachel.
b.
No purchasing power has been redistributed.
c.
Purchasing power has been redistributed to Phoebe.
d.
Both Rachel and Phoebe received extra purchasing power.
The second means is that of developing specific HRM policies which are tailored to the context of the firm and its respective situation and needs. At an overall organizational level, the modern day importance of complex human resources management system is represented by the means in which HRM generates competitive advantages, namely: HRM creates content employees who are more likely to produce high quality work and create more value for the
Working Poor In his book, The Working Poor: Invisible in America, David K. Shipler investigates the often-ignored plight of working Americans who struggle with poverty. Shipler describes the combination of low-paying, dead end jobs and a vicious cycle of poverty that work together to stifle any hope of a better life for America's invisible working poor. Poor medical care, housing and education, coupled with child and sexual abuse help to create
Working Poor and the Efficacy of the Earned Income Credit and T.A.N.F. When many Americans think of poverty, they think of people who are not working. Moreover, when they think of social welfare programs, they think of those programs aimed at assisting families without wage earners. However, many of America's poor are the working poor; families with one or two wage earners that are still mired in the depths of poverty.
The religious organization has other-worldly goals, but must adapt to the demands of this world in order to survive. There are generally two kinds of responses to this problem -- the church response and the sect response. The church response is to adapt at the expense of the goals and the sect response is value-rational-to maximize goal commitment at the expense of adaptation (Satow, 1975). EXAMPLE NATURAL -- Management NEED
Attacks on the system security include password theft, back doors and bugs, social engineering, protocol failures, authentication failures, Denial of Service attacks, active attacks, botnets, exponential attacks including worms and viruses, and information leakage. (Fortify Software Inc., 2008); (Fortify Software, n. d.) Servers are targets of security attacks due to the fact that servers contain valuable data and services. For instance, if a server contains personal information about employees, it
They must never become complacent and assume that they have considered all factors and can now relax, or they can slip into the "boiling frog" phenomenon: circumstances may turn so gradually negative that they do not notice the changes until they have large problems instead of small ones to solve (Beckford, 2002). Conclusion Just as the example of the soldiers at the bridge faced with a battle situation for which they