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
C) transaction-specific asset
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Which of the following multinational firms would not be defined as strictly an American corporation?
A. Apple. B. Ford Motor Company. C. Honda Motor Company. D. Nissan Motor Company. E. All of these would not be defined as strictly an American corporation.
The price of a PC falls or the price of an MP3 download rises? (Draw the diagrams!)
What will be an ideal response?
In a given year the nominal growth rate is 5% with inflation and population growth rates of 1.2% and 3.8% respectively, then real growth rate of GDP per capita is:
A. 3.8%. B. 5.0 %. C. 1.2%. D. 0.0 %.
If the average worker's productivity is $20 of output per hour and the labor force is employed for 500 billion hours, GDP is equal to
A. $250 billion. B. $4 trillion. C. $25 billion. D. $10 trillion.