If there is a shortage in the market for foreign-currency exchange, what happens to the exchange rate and to net exports?
The exchange rate rises which causes net exports to fall.
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The IO Economics perspective locates the source of competitive advantage for a firm at the
a. Individual firm level b. Industry level c. Customer Level d. None of the above
Which of the following is FALSE?
a. Maximizing division profits can sometimes lead to reducing company-wide profits b. Managers of profit centers are usually given a lot of discretion in their decision making c. Profit centers usually require the highest degree of attention by corporate headquarters d. A manager being rewarded on division revenues has the most incentive to make good decisions for his division
Which of the following does the aggregate expenditure model help explain?
a. price-level changes b. stagflation c. shifts in the aggregate supply curve d. short-run business cycles
What are the types of training that police officers receive and what are their purposes?
What will be an ideal response?