Traditional job analysis has been associated with _____ organizations.
A. loosely-coupled
B. bureaucratic
C. matrix
D. global
B. bureaucratic
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During the Christmas shopping season, the demand for money increases significantly. To offset the increase in money demand, the Fed must ________ the money supply, which will put ________ pressure on nominal interest rates.
A. decrease; downward B. increase; upward C. decrease; upward D. increase; downward
If country A can produce more of practically everything than can country B, then which of the following statements is true?
A. Country B has no incentive to trade with country A. B. Trade can benefit both countries. C. Country B cannot have a comparative advantage in the production of any good that country A wants to buy. D. Country A has no incentive to trade with country B.
In a natural monopoly, a firm has ______ over the relevant range of output with declining average total costs.
a. pure competition b. economies of scale c. illegal barriers d. twenty-year patents
If a firm faces a downward-sloping demand curve
A) the demand for its product must be inelastic. B) it has no control over the price or the quantity sold. C) it must reduce its price to sell more units. D) it will always make a profit.