Based on the fact that the companies Ford, IBM, PepsiCo, and McDonald's own and operate producing units in many different countries, they are categorized as:
a. joint ventures.
b. sole proprietorship firms.
c. partnership firms.
d. multinational firms.
e. co-operative firms.
d
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Refer to Figure 26-11. In the dynamic model of AD-AS in the figure above, the economy is at point A in year 1 and is expected to go to point B in year 2, and the Federal Reserve pursues policy. This will result in
A) real GDP lower than what would occur if no policy had been pursued. B) short-term interest rates higher than what would occur if no policy had been pursued. C) unemployment rates higher than what would occur if no policy had been pursued. D) inflation higher than what would occur if no policy had been pursued.
A system of nonattenuated (uncompromised) property rights is compatible with the achievement of economic efficiency
Indicate whether the statement is true or false
Other things the same, a fall in an economy's overall level of prices tends to
a. raise both the quantity demanded and supplied of goods and services. b. raise the quantity demanded of goods and services, but lower the quantity supplied. c. lower the quantity demanded of goods and services, but raise the quantity supplied. d. lower both the quantity demanded and the quantity supplied of goods and services.
To maximize profits, the firm in Figure 7.3 will charge:
A. P1. B. P2. C. P3. D. P4.