Cost-push inflation is due to:
a. "too much money chasing too few goods".
b. the economy operating at full employment.
c. increases in production costs.
d. all of these.
c
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Walmart has been pursuing improvements in its reputation in response to growing criticism on environmental, labor, and social issues in its foreign supplier factories. Among others, which requirement has Walmart imposed on its Chinese suppliers?
a. They must demonstrate compliance with Chinese environmental laws. b. There must be a 100% improvement in energy efficiency at China's 200 largest suppliers. c. They must increase their wages to the equivalent of the U.S. minimum wage. d. It has imposed all of these on its Chinese suppliers.
Personal consumption expenditures include:
a. all commodities that business firms buy. b. the purchase prices paid for stocks and bonds by individual households. c. the construction of residential housing. d. all goods and services bought by households. e. the corrected value of housewives' services.