Grouping people together within a subunit is likely to
A. lead to empowerment.
B. lower the communication and coordination costs within the subunit.
C. increase the communication and coordination costs within the subunit.
D. lead to boundary setting.
Answer: B
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According to the table shown, when 1 unit is produced:
This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.
A. marginal costs exceed marginal revenue, and the firm should produce more.
B. marginal revenue exceeds marginal costs, and the firm should produce more.
C. marginal revenue exceeds marginal costs, and the firm should produce less.
D. marginal costs exceed marginal revenue, and the firm should produce less.
In the short-run macro model, if GDP = $5 trillion and aggregate expenditure = $4.6 trillion, we would expect
a. prices to fall until the additional $0.4 trillion of output was sold b. prices to rise c. output to rise because businesses anticipate that buyers will spend more in the future to compensate for weak spending in this period d. inventories to rise by $0.4 trillion e. inventories to shrink by $0.4 trillion
A price floor is:
A. the lowest price a producer will accept. B. the lowest price a consumer will pay. C. a minimum price set by the government above equilibrium price. D. a maximum price set by the government above equilibrium price
Alyssa lost her job six years ago because of a recession. She continues to seek new employment and many people have returned to that industry as the economy has recovered, but because of her extended bout of unemployment, her workplace skills have deteriorated and she is unable to secure a job or even get interviews. In her current situation, Alyssa is best described as:
A. not in the labor force. B. structurally unemployed. C. frictionally unemployed. D. cyclically unemployed.