Which of the following companies was NOT implicated in a scandal in the early 2000s?
a. enron
b. coca-cola
c. tyco international
d. all of the above were implicated in scandals
Ans: d. all of the above were implicated in scandals
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If the Fed announces a new policy of slower monetary growth it will result in lower inflation and no change in output only if
A) the policy is credible and price expectations are reduced. B) the policy is time consistent and expectations remain constant. C) the policy is time inconsistent and expectations increase. D) Both A and B are correct.
Which of the following is NOT a service?
A) physical labor purchased by a producer B) things purchased by a consumer that do not have physical characteristics C) a diamond used in an engagement ring D) tasks performed by someone else
External debt refers to the portion of the national debt owned by private individuals and internal debt refers to that part owned by the public sector
a. True b. False Indicate whether the statement is true or false
Selling a product below cost to gain a foothold in the market in order to eliminate the inefficiencies introduced by lock-in is known as:
A. limit pricing. B. penetration pricing. C. predatory pricing. D. the price-cost squeeze.