Credential inflation results from
(a) a combination of cost-push inflation and demand-pull inflation.
(b) rigidities in the industrial sector.
(c) the need to select from among qualified applicants in the modern sector.
(d) all of the above.
C
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A company's annual payment to stockholders is called the
a. dividend. b. kickback. c. plowback. d. retained earnings.
Suppose that the cross price elasticity of demand between goods Y and Z equals 1.5. Which of the following is TRUE?
A) Goods Y and Z are complements because the cross price elasticity is greater than one. B) Goods Y and Z are complements because the cross price elasticity is positive. C) Goods Y and Z are substitutes because the cross price elasticity is greater than one. D) Goods Y and Z are substitutes because the cross price elasticity is positive.