Which of the following is an example of a nondurable good?
a. A Sport Utility Vehicle
b. A Bag of Cookies
c. A Dishwasher
d. None of the above are examples of nondurable goods.
b
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Under the Bretton Woods system, a country could alter its exchange rate
A) by changing its value relative to gold. B) whenever it determined that there was a fundamental disequilibrium. C) only when the IMF permitted due to a fundamental disequilibrium. D) under no circumstances.
When comparing two alternatives X and Y, a consumer either prefers X to Y, prefers Y to X, or is indifferent between them. This property is called:
A. transitivity. B. completeness. C. the ranking principle. D. the choice principle.
If the reserve ratio is 0.25, the money multiplier is:
A. 20.0. B. 25.0. C. 4.0. D. 5.0.
Which of the following is an important element of corporate culture?
A. Effective communication B. Corporate takeovers to decrease the wealth of shareholders C. Dress code and political correctness in the workplace D. Proper coordination among employees