The balance-of-payments identity is an equation that shows that the value of:
A. net exports equals the net capital outflow.
B. net capital inflow equals the net capital outflow.
C. imports must equal exports.
D. payments from a country exceeds payments to a country.
A. net exports equals the net capital outflow.
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Suppose a decrease in the supply of wheat results in an increase in revenue. This indicates that
A) the demand curve for wheat must be vertical. B) the resulting increase in price is proportionately greater than decrease in quantity sold. C) the decrease in quantity sold is proportionately larger than the resulting change in price. D) the supply curve for wheat must be vertical.
In organizational design issues, decision rights pertain to
a. the legal workplace related rights of employees b. the regulations governing how a potential customer chooses which product to purchase c. the set of decisions that go with a particular position within the firm d. who gets to decide from which place co-workers will order lunch
Suppose a company that produces mouthwash branches out into producing toothpaste. If this expansion reduces the average cost per unit, the company must
a. benefit from vertical integration b. benefit from horizontal integration c. experience economies of scale d. experience economies of scope e. have no transaction costs
In consumer equilibrium, which of the following is true? a. The marginal utility from the consumption of each good is the same
b. The marginal utility from the consumption of each good is zero. c. The marginal utility from the consumption of the last dollar's worth of each good is the same. d. The total utility from the consumption of each good is the same.