Which of the following is most true of behavioral measures of personality?

A) They are based on the notion that people are fundamentally different but also fundamentally alike.
B) They help people base their behavior on cues from other people and situations.
C) They elicit an individual's response to abstract stimuli.
D) They examine an individual's behavior in a controlled situation.

Which of the following is one of the most important considerations in selecting a business idea?

A) Making sure no company is currently offering the product/service
B) Ensuring that the idea solely appeals to a niche market
C) Finding something one loves to do and is good at doing
D) Choosing a product/service that is inexpensive to sell

Above-equilibrium wages paid by some employers as an incentive for better performance are called compensating differentials.

Which is the most accurate statement?

A) All monopolists are very large companies.
B) IBM is an example of a monopoly.
C) In order to maintain monopolies,there must be barriers to market entry.
D) Nearly all monopolies are very profitable.
E) Public utilities are examples of natural monopolies.

Economists use the term imperfect competition to describe

A) all industries that produce standardized products.
B) any industry in which there is no nonprice competition.
C) a pure monopoly only.
D) those markets that are not purely competitive.

M2 includes __________ M1.

A) all of
B) none of
C) some of
D) half of