Organizational structure can be a strategic asset if it
A) adds value.
B) adds value and can be duplicated.
C) adds value and cannot be duplicated.
D) can be franchised.
C
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The larger the MPC, the ________ the expenditure multiplier and the ________ the effect of a change in expenditure on equilibrium output.
A. larger; smaller B. smaller; larger C. larger; larger D. smaller; smaller
If at the profit maximizing level of output, the AR curve lies below the ATC curve in the short run, the firm is earning positive economic profit
a. True b. False Indicate whether the statement is true or false
A bank run involves a large flow of money
A. into bank depositors’ accounts. B. into checking and savings accounts. C. out of depositors’ accounts. D. out of individuals’ cash reserves into money market funds.
Some resources are better suited to produce certain goods than other resources. This fact leads to
A. the law of increasing additional cost. B. a linear production possibilities curve. C. increases in technology. D. inefficiency in the economy.