A limit on the quantity of a good that may be imported in a given time period is a:
A. Trade restriction limit.
B. Tariff.
C. Quota.
D. Price effect.
C. Quota.
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Normal profit is
A) part of the firm's opportunity costs. B) the same as economic profits. C) part of the firm's explicit costs. D) Answers A and B are correct. E) Answers A and C are correct.
The formulae for the AIC and the BIC are different. The
A) AIC is preferred because it is easier to calculate B) BIC is preferred because it is a consistent estimator of the lag length C) difference is irrelevant in practice since both information criteria lead to the same conclusion D) AIC will typically underestimate p with non-zero probability
Which of the following is the best example of function based divisions of a firm
a. R&D, Engineering, Production, Marketing, Sales b. Component 1 Plant, Component 2 Plant, Component 3 Plant, Final Assembly c. Store 1, Store 2, Store 3, Region A, Region B, Sales Division d. Business Customers, Educational Customers, Household Customers
Which of the following represents an example of a major cartel in global markets? a. The Organization of Wheat and Corn Exporting Countries (OWCEC)
b. The Organization of Petroleum Exporting Countries (OPEC). c. The Brotherhood of Scrap Iron Exporting Countries (BSIEC). d. The Amalgamated Association of Alfalfa Producing Countries (AAAPC).