The U.S. economy is relatively open in terms of economic activity related to international trade
a. True
b. False
Indicate whether the statement is true or false
False
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The inverse supply curve of coffee beans equals P = -5 - 2rain + Qs, where rain equals the number of inches of rain per year. How much does quantity supplied change when rain increases from 30 inches to 40 inches per year?
A) Qs decreases by 40. B) Qs increases by 40. C) Qs increases by 30. D) Qs decreases by 30.
The market for corporate takeovers
A) helps disciplines the behavior of CEOs. B) forces CEOs to focus on market share. C) had nothing to do with the monitoring of CEO behavior. D) is not efficient.
European governments accepted prolonged periods of unemployment in the 1990s in order to reduce inflation
a. True b. False Indicate whether the statement is true or false
The firm manager with horizontal indifference curves (output on the horizontal axis, profit on the vertical axis) views:
A. only output to be "goods." B. only profits to be "goods." C. both profits and outputs to be "goods." D. None of the statements is correct.