The consensus reached in the late 1990s was that from the 1980s onward the Fed had been
A) quicker to stimulate or restrain the economy when its output fell short of or exceeded its natural level.
B) quicker to stimulate the economy when output fell short of the natural level, but slower to do so when output exceeded the natural level.
C) slower to stimulate the economy when output fell short of the natural level, but quicker to do so when output exceeded its natural level.
D) slower to stimulate or restrain the economy when its output fell short of or exceeded its natural level.
A
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For the monopoly shown in the figure above, the profit maximizing price is ________ per unit
A) $10 B) $20 C) $30 D) $50
If two different fuel sources (e.g., coal and natural gas) are perfect substitutes in the long-run production of energy. How will a profit maximizing firm choose between these two inputs?
A) The firm will only use the input with lower cost B) The firm will use equal amounts of the two inputs, even if one of the inputs has a lower cost C) The firm will only use the input with higher cost D) The firm cannot achieve a profit maximizing level of output under these circumstances
An insurance company offering discounts to students with high grades in school an example of:
A. screening. B. signaling. C. statistical discrimination. D. building a reputation.
The basis for designing an effective export strategy most likely begins with ________.
A) identifying and developing the firm's core competencies B) hiring local personnel in target markets to build the business C) enlisting the support of an export management company D) simultaneously targeting a large number of foreign markets