Which of the following relate(s) to gross profit margin?
a. a term often used in manufacturing businesses
b. the profit margin after subtracting direct costs from wholesale revenue
c. the profit margin after subtracting variable manufacturing costs
d. a and b
e. a through c
c
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As compared to the estimates of the natural rate of unemployment for the United States, those for Europe are
A) higher. B) the same. C) lower. D) higher and more variable.
If a principal and agent enter into a fixed-fee contract where the agent pays the principal a licensing fee
A) the principal bears all the risk. B) the agent bears all the risk. C) the principal and agent share the risk. D) Unable to determine with the information given.
If a nation experiences severe drought and real risk-free interest rate rises, then:
a. Aggregate demand rises, and aggregate supply falls. b. Aggregate demand rises, but aggregate supply does not change. c. Aggregate demand falls, and aggregate supply rises. d. Aggregate demand and aggregate supply rise. e. Aggregate demand and aggregate supply fall.
If the demand for heroin is inelastic and heroin users get the money to pay for heroin by committing crimes, policymakers who want to reduce crime should:
A) make it harder to find heroin. B) tax heroin. C) try to lower the price of heroin. D) try to raise the price of heroin.