The index of leading economic indicators usually turns downward:
a. prior to economic expansions

b. prior to economic contractions.
c. prior to a contraction, but then turns upward before the contraction begins.
d. a full 24 months before a recession begins.


b

Economics

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Refer to the Article Summary. The pricing method described in the article is referred to as first-degree price discrimination. First-degree price discrimination is also known as

A) perfect price discrimination. B) odd pricing. C) two-part tariff pricing. D) arbitrage.

Economics

Which of the following is FALSE about firms organized along functional lines?

a. Workers develop functional expertise b. Workers can easily share information within their division c. They inhibit the exploitation of economies of scale d. None of the above

Economics

The United States was among the first of the modern industrial nations to establish a central banking system

a. True b. False Indicate whether the statement is true or false

Economics

If a company has two profit centers where one supplies the other with necessary ingredients to a company product, and if the relationship between two centers is clearly inimical to company success, then:

A. the company should probably reorganize. B. it is time to use the market-based transfer price system. C. it is time to implement a marginal cost based transfer system. D. the company should change its management control system.

Economics