Bureaucratic control emphasizes which organizational element?
a. hierarchy and authority
b. budget and market influences
c. benchmarking statistics
d. product quality assurance
Ans: a. hierarchy and authority
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Even though a perfect price discriminator can extract all of the consumer surplus, how can it be efficient?
What will be an ideal response?
The Glass-Steagall Act became law in the
A) 1890s. B) 1910s. C) 1930s. D) 1950s.
In the above table, the fact that there is a minus sign before the number for unilateral transfers means that
A) Country X has significant inflation. B) Country X imported more goods than it exported. C) Country X received more in foreign aid than it gave in foreign aid. D) Country X gave more to foreign residents than foreign residents gave to Country X.
In the long run, a perfectly competitive firm earns no accounting profits
a. True b. False Indicate whether the statement is true or false