The features of the U-Form of firm organization are
a. workers have trouble developing a high degree of functional expertise
b. it is difficult for employees to share information across positions within a division
c. employee evaluation is hampered by managers having different skill sets than workers
d. coordination across divisions is essential and is a burden on management
d
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Which of the following reasons explains how second-degree price discrimination works?
A. In order to get people to buy more of a good you typically have to lower the price because of the law of demand. B. The price of the good or service is what the consumers are willing and able to pay, which increases profits. C. People will buy more of a good when they have relatively inelastic demands for the good. D. Producers have increasing average total costs as they produce more of a good.
Which of the following statements is correct?
A) New classicals believe that the aggregate supply curve is vertical in the short run. B) New Keynesians believe that the aggregate supply curve is vertical in the short run. C) New Keynesians believe that the aggregate supply curve slopes upward in the long run. D) New classicals believe that the aggregate supply curve slopes upward in the short run.
A healthy growing economy has a strong _______orientation.
a. government b. market c. traditional d. command
The price elasticity of demand for food is
A. Perfectly inelastic. B. Perfectly elastic. C. Relatively inelastic. D. Relatively elastic.