For diversification to be a successful management strategy, it must
A) generate accounting profits.
B) earn normal profits.
C) protect market share.
D) add value.
D
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In analyzing the market for a particular good, the most appropriate size of the market to consider
a. is the global market b. is a local market c. is a national market d. is a state-wide market e. depends on the purpose of the analysis
Variable costs equal fixed costs when nothing is produced
a. True b. False Indicate whether the statement is true or false
Our trade deficit is big for three main reasons: (1) ______, (2) ______, and (3) ________.
Fill in the blank(s) with the appropriate word(s).
Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher