A firm increased its production and sales because the firm's manager rearranged the layout of his factory floor. This is an example of
A) positive technological change. B) inspired management.
C) investment in human capital. D) economies of scale.
A
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According to cost-benefit analysis, where safety is concerned
A) it is possible to not be safe enough. B) it is possible to be too safe. C) it is possible to be just safe enough. D) All of the above are possible.
Regardless of whether a negative externality is emitted by consumers or by producers, a Pigouvian tax can be imposed on consumers only.
Answer the following statement true (T) or false (F)
Which of the following is not an impure public good?
a. a full movie theatre b. a fairly congested highway c. a swimming pool at ninety percent capacity d. the average major league baseball game in early April
The division of labor usually refers to splitting
a. the three coordination decisions among different sets of planners.
b. the parts of a complex task among different workers.
c. the production of consumption goods and capital goods among different workers.
d. political leaders into radical and conservative camps each year.