If households' income taxes are cut, how are households likely to respond?
A decrease in consumption expenditure
A decrease in saving
Push the economy into recession
An increase in consumption expenditure
An increase in consumption expenditure
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The features of the U-Form of firm organization are
a. workers have trouble developing a high degree of functional expertise b. it is difficult for employees to share information across positions within a division c. employee evaluation is simplified by managers having similar skill sets than workers d. coordination across divisions is simple and does not take much management time
When interest rates in the U.S. increase, we could expect:
A. more foreigners investing in U.S. assets. B. less foreigners investing in U.S. assets. C. more U.S. citizens investing abroad. D. less U.S. citizens investing in U.S. assets.
Kornai argued that transition from socialism to capitalism requires the creation of democracy
a. True b. False
If Bristol-Myers Squibb discovered a miracle drug that cured some forms of cancer, which theory would apply to the profits it earned?
A. Reward for innovation B. Reward for risk-taking C. Monopoly profits D. All of choices are true.