Annual budgeting of production goals of a division within a firm
a. is an accounting mechanism to plan for the costs and revenues over a time period
b. increase the burden on the division when goals rise
c. can lead to accumulated inventory when the goals of an upstream division are arbitrarily set too high
d. all of the above
d
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If average labor productivity in two countries is the same, average living standards will be higher in the country with:
A. the lower share of population employed. B. the smaller population. C. the higher share of population employed D. the larger population.
If the quantity of money starts to grow more rapidly than real GDP and velocity does not change, the result is
A) slower growth in the price level. B) an increase in investment. C) more rapid growth in potential GDP. D) the inflation rate rises. E) an eventual slowing in the growth rate of the quantity of money.
Explain why consumers benefit from a merger between a monopoly producer and its monopoly supplier of labor
What will be an ideal response?
Which of the following is a decision that economists study?
a. how much people work b. what people buy c. how much money people save d. All of the above are correct.