If a firm decides to produce a product that it once purchased from a firm upstream it has made a
A) horizontal decision.
B) make or buy decision.
C) downstream decision.
D) sell or service decision.
B
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Table 7-2 Plastic (in pounds) 5 6 7 Widgets 14 17 19 ? Table 7-2 contains information on widget production. The average physical product of the seventh pound of plastic is calculated as ____.
A. 9/25 B. 2 C. 25/9 D. 19/7
In the DMP model, a decrease in productivity
A) decreases the unemployment rate. B) reduces the vacancy rate. C) increases the unemployment rate. D) increases the size of the labor force.
During recessions declines in investment account for about
a. 1/6 of the decline in real GDP. b. 1/7 of the decline in real GDP. c. 1/3 of the decline in real GDP. d. 2/3 of the decline in real GDP.
A person receives a paper asset from a corporation that is a promise from the corporation to repay a loan at a fixed rate of interest. This type of asset is referred to as a:
A. share. B. bond. C. stock. D. bank loan.