Causes of market failure include
a. externalities and market power.
b. market power and incorrect forecasts of consumer demand.
c. externalities and foreign competition.
d. incorrect forecasts of consumer demand and foreign competition.
a
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Management ______ are measuring devices, techniques, or instruments that are used to arrive at decisions and plans of action
a. Plans b. Actuarial resources c. Quality circles d. Tools
Mutually beneficial trade is impossible when different persons have different preferences about goods and services.
Answer the following statement true (T) or false (F)
If the structural stagnation hypothesis is true, what happened to the economy in the early 2000s that made it prone to a financial crisis?
A. Too-expansionary supply-side policies B. Increased trade restrictions C. Too-expansionary demand-side policies D. Slowing technological advance
Labor unions may increase worker productivity by facilitating smooth relations between labor and management.
Answer the following statement true (T) or false (F)