The movement of goods and resources within a corporation is done on the basis of
A. government regulation.
B. administrative decisions.
C. market allocation.
D. technological innovation.
Answer: B
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Specialization allows a society to produce ________ goods.
A. more B. the same amount of C. fewer D. new
An increase in the price of the U.S. dollar in terms of euros will cause, ceteris paribus,
A. European goods to be cheaper to residents of the United States. B. Higher interest rates in the United States. C. European goods to be more expensive to residents of the United States. D. A lower European inflation rate.
When inflation turns out to be different from what was expected, purchasing power is ________.
A. decreased B. redistributed C. destroyed D. increased
If the nominal interest rates rises, then the inflation rate must have increased
a. True b. False Indicate whether the statement is true or false