The fact that the major indicator of enterprise success in the Soviet Union and pre-reform China was the quantity of output implied that:
A. product quality was neglected.
B. production costs were minimized.
C. product-mix met consumer needs.
D. technological advance was too rapid.
Answer: A
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A firm has to decide between two projects that cost $10,000 each. Project A will provide a revenue $10,700 one year from now, while Project B will provide a revenue of $12,200 two years from now. The interest rate is 10% per year. This firm
A) chooses project A. B) chooses project B. C) rejects both projects. D) is indifferent between projects A and B.
DVDs can be produced at a constant marginal cost of $10 per disk, and Roaring Lion Studios is releasing the DVDs for its last two major films. The DVD for Rambeau 17 is priced at $20 per disk, and the DVD for Schreck 10 is priced at $30 per disk
What are the Lerner indices for these two movies? A) Both equal one. B) 2 and 3, respectively C) 0.5 and 0.67, respectively D) 1 and 2, respectively
Discounting is a procedure used to
a. determine the present value of income or costs expected in the future. b. adjust future income for the effects of inflation. c. adjust the money interest rates for the effects of inflation. d. compare the value of income after taxes with its value prior to taxes.
If a nation experiences severe drought and real risk-free interest rate rises, then:
a. Aggregate demand rises, and aggregate supply falls. b. Aggregate demand rises, but aggregate supply does not change. c. Aggregate demand and aggregate supply fall. d. Neither aggregate demand nor aggregate supply change. e. None of the above.