Who wrote the General Theory of Employment, Interest, and Money?
A. David Ricardo
B. Adam Smith
C. John Maynard Keynes
D. Milton Friedman
Answer: C
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Jan is attending college and studying to be an investment broker. To improve her chances of employment following college, she has interned at a top brokerage firm during the last two summers. Jan's internship has increased her
A) natural labor. B) human capital. C) consumption services. D) natural resources. E) entrepreneurship capital.
Tom produces commemorative t-shirts in a competitive market. If Tom decides to decrease his output, this will a. increase his revenue, since the output decrease leads to a higher market price
b. increase his revenue, since Tom's competitors will also decrease their output, so that price rises to offset the drop in Tom's output. c. decrease his revenue, since his output has decreased and the price remains the same. d. decrease his revenue, since the price does not rise sufficiently when output drops to offset the drop in Tom's output.