If a firm decides to stop its sales agents from pricing too aggressively to make sales by requiring the agent to obtain permission to reduce price below a specific threshold, and the manager only has one source of information, the sales agent, the solution would
a. Work
b. Not work
c. Work in all circumstances
d. None of the above
b
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Refer to the above table. If opportunity costs are constant and the two countries trade
A) the United States should specialize in computers and Mexico in bicycles. B) the United States should specialize in bicycles and Mexico in computers. C) the United States should specialize in both bicycles and computers, and Mexico should specialize in neither. D) there will be no trade because they are so different.
Diminishing marginal product:
A. causes the variable cost curve to become flatter. B. causes the variable cost curve to become steeper. C. has no relation to the variable cost curve. D. causes the fixed cost curve to become flatter.
What separates a sterilized foreign exchange market intervention from an unsterilized intervention?
What will be an ideal response?
When U.S. net exports fall, which decreases the aggregate quantity of goods and services demanded, the dollar must have
a) depreciated b) reciprocated. c) appreciated. d) equivocated.