If all large firms in the economy were broken into smaller firms, the result might be
a. decreased manufacturing efficiency in some industries.
b. increased prices for some manufactured goods.
c. decreased investment in research and development in some industries.
d. All of the above are correct.
d
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If Mexico experiences a period of stable prices while the United States experiences rapid inflation, what will happen in the United States?
a. an increase in U.S. imports b. an increase in U.S. exports c. a decrease in U.S. imports d. an increase in U.S. net exports
The 1993 recipient of the Nobel Prize in Economics, Douglass North is best known for his contributions in which area of economics?
What will be an ideal response?
The short run is defined as the time frame:
A. in which there are fixed factors of production. B. less than one year. C. less than three years. D. in which there are no fixed factors of production.
Dynaflex Corp. is considering an investment project that costs $900 today. It expects the project will yield income of $350 at the end of years 1, 2, and 3. If the interest rate is 10%, the firm
A. is just indifferent between undertaking the investment and not. B. should forgo the investment. C. should undertake the investment. D. indeterminate from the given information