The manager of Steel Works learns of a new technological interdependency between the first stage and the intermediate stage of production. If Steel Works currently contracts with another firm for the intermediate stage of production, which of the following is true?
A) The manager has less of an incentive to integrate forward.
B) The manager has less of an incentive to integrate backward.
C) The manager has more of an incentive to integrate backward.
D) The manager has more of an incentive to integrate forward.
D) The manager has more of an incentive to integrate forward.
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If a nation during its entire history has borrowed more from the rest of the world than it has lent to the rest of the world, the country is a
A) net borrower. B) debtor nation. C) net lender. D) creditor nation.
The aggregate demand curve shifts due to changes in consumption expenditures, investment expenditures government spending, and net exports
a. True b. False Indicate whether the statement is true or false
In graph 1, the quantity shifts from q1 to q2. What change in graph 2 causes this to happen?
a. Demand decreases.
b. Demand increases.
c. Supply decreases.
d. Supply increases.
Scarcity can best be defined as a situation in which:
A. there are no buyers willing to purchase what sellers have produced. B. there are not enough goods to satisfy all of the buyers' demand. C. the resources we use to produce goods and services are limited. D. there is more than enough money to satisfy consumers' wants.