Which of the following is true?

A) The nominal wage will be constant only if the inflation rate is constant.
B) The real wage will be greater than the nominal wage only if the inflation rate is constant.
C) The nominal wage and the real wage will change by the same amount if the price level is constant.
D) The real wage will be equal to one only if the price level is zero.
E) The real wage will be constant only if the nominal wage is constant.

A tax on an imported good is called a

A) quota.
B) tariff.
C) supply tax.
D) trade tax.

The decision maker's emotions play an important role in his or her identification of a problem or opportunity.

The tool the Fed uses most often to implement monetary policy is

A) control of the discount rate.
B) moral suasion.
C) control of required reserves.
D) control of member banks' credit standings.
E) open market operations.

The Vietnam Veterans Readjustment Act requires:

A) all Vietnam veterans to register with the EEOC.
B) all firms receiving federal contracts to engage in affirmative action for disabled and Vietnam-era veterans.
C) all firms to engage in affirmative action for Vietnam-era veterans.
D) firms having at least $10,000 in federal contracts to engage in affirmative action for disabled and Vietnam-era veterans.

A time-and-activity chart is particularly useful in ________.

A) developing a plan to combat procrastination
B) developing a mission statement
C) keeping track of progress on your activities
D) streamlining your work

Joel is a manager at Malan Inc., and he uses a rating approach to evaluate his employees. He considers one employee at a time and circles a number or a word to signify the degree to which that employee demonstrates a particular trait in the scale. Which approach is Joel using to assess his employees?

A) mixed-standard scale
B) critical-incident approach
C) graphic rating scale
D) behavioral observation scale
E) behaviorally anchored rating scale