A matrix organization is organized on the basis of
A. geographic region.
B. functional areas of expertise.
C. product line.
D. both functional specialty and product line.
Answer: D
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The rate at which a consumer is willing to give up consumption in one period for additional consumption in another is known as ________
A) the marginal propensity to save B) the marginal propensity to consume C) the marginal rate of substitution D) the average propensity to consume
Suppose that money supply growth increases. In the long run, this increases employment according to
a. both the long-run Phillips curve and the aggregate demand and aggregate supply model. b. neither the long-run Phillips curve nor the aggregate demand and aggregate supply model. c. the long-run Phillips curve, but not the aggregate demand and aggregate supply model. d. the aggregate demand and aggregate supply model, but not the long-run Phillips curve
The mental and physical capacity of workers to produce goods and services is known as:
A. labor. B. entrepreneurship. C. value judgment. D. product sensitivity.
Suppose that the quantity of cars supplied exceeds the quantity of cars demanded. We would expect that:
A. the price of cars will increase. B. the price of cars will decrease. C. the supply will increase (supply will shift to the right) to meet the demand. D. the demand will decrease (demand will shift to the left) to meet the supply.