The business term for economies of scope is
A) economies of scale.
B) diversification.
C) cooperation.
D) synergies.
D
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The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.
The rate of discount is best described as the rate of
A) return on physical capital after the cost of capital has been removed. B) return on financial assets after an inflation adjustment has been made. C) interest used to derive the present values of future sums. D) return on financial capital that has not been adjusted for inflation.
The objective of a macro environmental analysis is to:
a. Determine the demand for a new product b. Identify the major markets in which a new product might compete c. Determine the optimum price for a new product d. Identify the relevant demand forces, determine their relation, and predict how they might change in the future
Which of the following statements is true of a country that has a gold standard exchange rate system?
A. A country running a deficit in its balance of payment would experience an outflow of gold which would force it to increase the price of gold. B. A country running a deficit in its balance of payment would experience an outflow of gold which would force it to decrease the price of gold. C. A country running a deficit in its balance of payment would experience an outflow of gold which would force it to reduce its money supply. D. A country running a deficit in its balance of payment would experience an outflow of gold which would force it to increase its money supply.