The first year of the New Deal was
A. 1929.
B. 1933.
C. 1945.
D. 1952.
B. 1933.
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Figure 6-2
illustrates the four possibilities of the structure of production and consumption for a good or service. In which case is the incentive of producers to be efficient and the incentive for consumers to economize the weakest?
a. A
b. B
c. C
d. D
Which of the following describes the potential problems of approaches which improve inventory turnover?
A. Reducing the number of SKUs within a category can increase inventory turnover, but it can hurt sales if customers can't find the size or color they seek. Buying merchandise more often, and in smaller quantities, can reduce average inventory without reducing sales B. while increasing operating expenses. C. The reduced assortment can increase inventory tumover, however, customer patronage and sales can decrease. D. All of the above
When considering choice architecture, a nudge:
A. is a gentle push in a particular direction. B. does not take away any options. C. allows anyone who wants to go in a different direction to do so. D. All of these statements are true.
The drug maker Pfizer enjoyed a monopoly of the antibiotic Lipitor because of patent rights
a. True b. False Indicate whether the statement is true or false