The key to understanding changing organizational architecture is that
A. it is costless.
B. there are only indirect costs.
C. there are only direct costs.
D. there are direct and indirect costs.
Answer: D
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In a fixed exchange rate regime, the value of a currency is pegged to ________
A) an anchor currency B) a currency board C) a dirty float D) an interest rate standard such as the Treasury bill rate in the U.S.
Economists argue that: a. accounting costs include all types of costs, even implicit costs
b. every decision has an opportunity cost. c. some decisions have opportunity costs, while others don't. d. economic decisions should include sunk costs.
While you were an intern you bought 5 packages of hot dogs a month. After acquiring a full-time job with a considerable higher salary, you stopped purchasing hot dogs. For you, hot dogs are
a. Complementary good b. Normal good c. Inferior good d. Substitute good
The reduction of structural unemployment in the United States' economy may require
a. an increase in the minimum wage. b. a reduction in government spending. c. an decrease in interest rates. d. increased spending on worker retraining.