The Consumer Price Index measures the average prices paid by
A) businesses for a fixed market basket of resources.
B) urban consumers for a fixed market basket of goods and services.
C) businesses and consumers for a market basket of goods and services.
D) urban consumers for the goods and services that most frequently change in price.
E) businesses for the most frequently used basket of resources.
B
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The more inelastic the supply curve in a goods market, the smaller will be the deadweight loss from a per-unit tax in that market.
Answer the following statement true (T) or false (F)
If Luxury Cabinets, a kitchen cabinet manufacturer, builds a cabinet plant near Big Woods, a timber harvesting farm, to reduce the costs of transporting lumber, the cabinet plant is a(n) ________.
A) information asset B) negotiation asset C) transaction-specific asset D) monitoring cost
Which of the following is true of the management function of directing/leading? Group of answer choices
a. All managers are involved in directing/leading, but it is most important for top- level managers. b. Directing/leading designs the map that lays the groundwork for the other managerial functions. c. Good directing/leading does not require the implementations of deadlines. d. Directing/leading involves determining and administering appropriate rewards and recognition e. Telling employees what to do and when to do it is against the principles of directing/leading.
Physicians who own their own diagnostic testing facilities tend to order more tests, charge higher fees for them, and have higher total bills to patients. This practice of self-referral is an example of:
a. adverse selection. b. cognitive dissonance. c. physician-induced demand. d. moral hazard. e. res ipsa loquitor.