Which of the following is a union function?
a. negotiate pay
b. creating new business policies
c. budgeting
d. creating statistical reports
Ans: a. negotiate pay
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A nondiscriminating pure monopoly is generally viewed as being ________.
A. productively efficient, but not allocatively efficient B. both productively and allocatively efficient C. allocatively efficient, but not productively efficient D. neither productively nor allocatively efficient
How have financial innovations such as direct deposit of paychecks, electronic payment of bills, and automated teller machines (ATMs) affected the velocity of money and the demand for real money balances?
What will be an ideal response?
For a firm in a perfectly competitive market, average revenue equals
A) average cost. B) the change in total revenue. C) the market price. D) price divided by quantity.
All of the costs associated with making and enforcing contracts are referred to as
A) alternative costs. B) opportunity costs. C) marginal costs. D) transactions costs.