Which of the following economic realities helps managers better assess economic? environments?
a. system complexity
b. market dynamism
c. market interdepende
d. All of the above.
Answer: All of the above.
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Whenever average cost is increasing, marginal cost must also be increasing.
Answer the following statement true (T) or false (F)
All externalities:
A. are harmful to society and create costs external to the decision maker. B. are beneficial to society and create benefits external to the decision maker. C. create either a cost or benefit to a person other than the person who caused it. D. are addressed by the government through taxation.
Which of the following counties are largely dependent on trade with the United States?
a. China and Japan b. U.K. and Germany c. Canada and Mexico d. France and Belgium e. Canada and U.K
Lines, ration coupons, and black markets are symptoms of a
a. price floor. b. price ceiling. c. free market. d. barter economy.