Which entry strategy involves the least commitment with foreign firms?
A) establishing a partnership with a foreign agent or distributor
B) a merger with foreign firm
C) a joint venture with foreign firm
D) master franchising
A) establishing a partnership with a foreign agent or distributor
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Compared to the initial equilibrium, an initial increase in aggregate demand that is NOT followed by an increase in the quantity of money results in new long-run equilibrium with
A) a higher price level but the same real GDP. B) a higher price level and an increased level of real GDP. C) the same price level and a lower level of real GDP. D) the same price level and the same real GDP. E) None of the above answers is correct.
The aggregate demand curve will shift to the left ________ the initial decrease in government purchases
A) by less than B) by more than C) by the same amount as D) sometimes by more than and other times by less than
All of the points inside a production possibilities frontier are ____; all of the points outside the production possibilities frontier are ____
a. efficient, inefficient b. optimal, irrational c. attainable, unattainable d. rational, zero-cost e. unattainable, efficient
A flat fee pricing system for MSW services
Use the following forany or all of Questions 11 through 13 below. Consider the following model of the municipal solid waste (MSW) services market in the city of Houston. MSC = 1.5 + 1.25Q MSB = 30 – 2.5Q MEC= 0.75Q MEB= 0 whereQ is the number of trash containers serviced per household per month. a. ignores the positively sloped MPC of MSW services b. causes an underallocation of resources to MSW services c. means that demanders pay nothing for MSW services d. provides an incentive for waste reduction