The performance of diversified companies
A) is always greater than the performance of more narrowly focused firms.
B) can be seen in greater economic profits.
C) usually is greater than the overall economy.
D) often simply mirrors the general economy.
D
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A restaurant, which operates in a perfectly competitive market, is evaluating whether it should serve breakfast on a daily basis. It would choose to do this when its revenues cover its variable costs
a. True b. False Indicate whether the statement is true or false
Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. lower; higher C. higher; potential D. higher; higher
Which of the following explains the impact of the expansion of international trade on the demand for less skilled workers in the United States?
A. An increase in international trade has increased the demand for less skilled workers. B. An increase in international trade has decreased the demand for less skilled workers. C. An increase in international trade has had little impact on the demand for less skilled workers. D. The impact of the expansion of international trade on the demand for less skilled workers in the United States varies from year to year.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The best point for society would be
A. either Point B or Point C, as the total amount being produced at either of these points is approximately the same. B. at any of the labeled points, as all of the points represent an efficient allocation of resources. C. Point C, as at this point there are approximately equal amounts of LCD and OLED televisions being produced. D. indeterminate from this information, as we don't have any information about the society's desires.