Which of the following shows the relationship between employees and their peers?
a. organizational chart
b. gantt chart
c. decision tree
d. simulation
Answer: a. organizational chart
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When comparing the percentage of income (or expenditure) of the lowest and highest 10 percent of the population,
a. South Africa has a more equal income distribution than the United States. b. South Africa has a more equal income distribution than Japan. c. Japan has a more equal income distribution than the United States. d. Mexico has a more equal income distribution than Germany.
Ceteris paribus, if African countries experience a drought and purchase food from the United States, the currencies of the African countries should
A. Appreciate, and the dollar should depreciate. B. Depreciate, and the dollar should appreciate. C. Appreciate, and the dollar should appreciate. D. Depreciate, and the dollar should depreciate.
Consider a Cournot duopoly with the following inverse demand function: P = 50 ? 0.2Q1 ? 0.2Q2. The firms' marginal costs are identical and are given by MCi(Qi) = 2. Based on this information, firm 1 and 2's reaction functions are:
A. r1(Q2) = 120 ? 0.5Q2 and r1(Q2) = 120 ? 0.5Q1. B. Q1 = 240 ? 0.5Q2 and Q2 = 240 ? 0.5Q1. C. r1(Q2) = 120 ? 0.5Q1 and r2(Q1) = 120 ? 0.5Q2. D. Q1 = 240 ? 0.75Q2 and Q2 = 240 ? 0.75Q1.
Congress passed the ________ in 1996, the purpose of which was to phase out price floors and return to a free market in agriculture
A) Rice and Beans Act B) Smoot-Hawley Act C) Agribusiness Act D) Freedom to Farm Act