Which of the following is NOT one of the core deliverables of a logistics system?
a. Excess capacity
b. Timely Delivery
c. Transparency
d. Product availability
e. Product availability
a. excess capacity
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When (if at all) can the crowding-out effect be prevented?
A) when the Fed decreases the money supply to accommodate the expansionary fiscal policy B) when the real money supply is held constant C) when the real balance effect is working D) when the Fed allows the real money supply to increase sufficiently to keep the interest rate from rising
Surplus is:
A. a measure of the value that buyers and sellers get from participating in a market B. maximized for individuals whose reservation price equals the market price. C. negative for those who do not participate in a market. D. All of these are true.
One way people cope with uncertainty about the future is they:
A. avoid risks when it is reasonable to do so. B. buy insurance. C. only select risky alternatives if the expected value is twice as high as for a safe alternative. D. All of these are ways individuals cope with uncertainty.
Government intervention in the economy:
A.) Always fixes macroeconomic market failures. B.) Always fixes microeconomic market failures. C.) Always makes the economy worse off. D.) May fix market failures or make the economy worse off.