About how many people were employed in the U.S. health care industry in 2010?
A. 7 million
B. 17 million
C. 34 million
D. 42 million
B. 17 million
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All of the following describe the conflict between divisions EXCEPT
a. some activities across divisions benefit from coordination b. managers of profit centers care too little about the effects of their decisions on other divisions c. corporate executives reward managers who are able to become more efficient d. corporate executives cannot tell when one divisional manager's decision is appropriate or not
The four components of the aggregate expenditures model are:
a. consumption, investment, inventories, and government purchases. b. consumption, planned investment, unplanned changes in inventory, and exports. c. consumption, investment, government purchases, and net exports. d. consumption, investment, exports, and imports.
If the marginal utility of a gallon of milk to consumers is $2.50 and the MC of producing the gallon of milk is $1.50, then
a. the value of the resources used up in producing one more gallon of milk would be $1 less than the money value of the additional gallon to consumers. b. society could be made better off by expanding the output of milk. c. resources are not being used most efficiently. d. All of the above are true.
If a 10 percent decrease in the price of a good leads to a 20 percent increase in the quantity demanded, then what is the price elasticity of demand?
A. 10 B. 2 C. 0.5 D. 20