We say that a firm is vertically integrated if
A. it centralizes all its output decisions but decentralizes its pricing decisions.
B. it decentralizes all its input purchases but centralizes its decisions on output.
C. it develops differentiated products that command price premiums.
D. it makes some of its own inputs.
Answer: D
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The break-even investment line becomes flatter when the depreciation growth rate ________ or the labor force growth rate ________
A) increases; decreases B) increases; increases C) decreases; increases D) decreases; decreases
A vertical line showing the economy's potential is called the:
A. long-run aggregate supply line. B. short-run aggregate supply line. C. short-run equilibrium output line. D. aggregate demand curve.
A reduction in production costs will not result in which of the following?
A. rightward shift of the supply curve. B. increase in supply. C. greater willingness and ability of producers to supply a larger quantity at any given price. D. greater willingness and ability of consumers to demand a larger quantity at any given price.
A decrease in the discount rate would be an example of
A. expansionary fiscal policy. B. contractionary monetary policy. C. expansionary monetary policy. D. contractionary fiscal policy.