Cost centers are
a. Evaluated on the profits they earn
b. Not evaluated on the profits they earn
c. Sometimes evaluated on the profits they earn and sometimes not
d. None of the above
b
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Suppose attendance is required for a passing grade at Ultimatum University, and the professor repeatedly reminds students of the need to attend every day to survive the class. Nevertheless, we observe many students choosing to stop attending
The students who stop attending include some who even enjoy the class. Using the economic way of thinking, the choice to stop attending generally occurs because A) the students secretly despise the professor. B) the professor secretly despises the students. C) the students value other goods in addition to passing the class. D) the students feel the university has no right to impose such restrictions on their personal freedom.
In a situation of free trade
a. countries with comparative advantage will export more than countries with comparative disadvantage import. b. the total quantity of an item exported will be greater than the total quantity imported. c. importing countries will always produce some good, so that total quantity imported is less than total quantity exported. d. the total quantity of an item exported will equal the total quantity imported.
In 2009 Greece's budget deficit rose and people became worried about the ability of the Greek government to make payments on its debt. Which of the these events reduces a country's real exchange rate?
a. an increase in the budget deficit, and increased concerns about the ability of the government to pay back its debt b. an increase in the budget deficit, but not increased concerns about the ability of the government to pay back its debt c. increased concerns about the ability of the government to pay back its debt, but not an increase in the budget deficit d. neither an increase in the budget deficit, nor increased concerns about the ability of the government to pay back its debt
Proponents of zero inflation argue that a successful program to reduce inflation
a. eventually reduces inflation expectations. b. eventually raises real interest rates. c. permanently decreases output. d. permanently raises unemployment.