The features of the M-Form of firm organization are
a. divisions have difficulty responding to market changes
b. it is difficult to maintain customer relationships
c. coordination across divisions is simple and does not take much management time
d. employee evaluation is hampered by managers often having different skill sets than those the manage
d
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A partnership requires the agreement of most or all partners to any major decision.
Answer the following statement true (T) or false (F)
A small country is considering imposing a tariff on imported wine at the rate of $5 per bottle. Economists have estimated the following based on this tariff amount: World price of wine (free trade):$20 per bottleDomestic production (free trade):500,000 bottlesDomestic production (after tariff):600,000 bottlesDomestic consumption (free trade):750,000 bottlesDomestic consumption (after tariff):650,000 bottles Before the tariff is imposed, the country imports ________ bottles of wine, but following the imposition of the tariff, the country will import ________ bottles of wine.
A. 750,000; 650,000 B. 150,000; 50,000 C. 100,000; 100,000 D. 250,000; 50,000
In preparing their estimates of the stimulus package's effect on GDP, Obama administration economists estimated a government purchases multiplier of 1.57. This indicates that a $1 billion increase in government purchases would increase equilibrium real
GDP by A) $1 billion. B) $1.57 billion. C) $15.7 billion. D) $157 billion.
Expected real interest rates are the
A) interest rates quoted in the market plus the expected inflation rate. B) interest rates quoted in the market. C) expectations of future interest rates. D) interest rates quoted in the market minus the expected inflation rate.