What is one possible reason a firm that produces balloons might outsource its accounting department?
A) There are no longer economies of scale.
B) There are now economies of scope.
C) There are no longer economies of scope.
D) There are now economies of scale.
C
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If the required reserve ratio is 10 percent and a bank receives a new deposit for $100,000 . then the: a. bank must keep $5,000 in excess reserves
b. bank's required reserves increase by $45,000. c. bank's liabilities increase by $100,000. d. bank can increase its loans by up to $50,000. e. bank can increase its loans by up to $400,000.
From a new deposit in a checking account potential money creation is: a. excess reserves times money multiplier
b. initial deposit times money multiplier. c. actual reserves times required reserve ratio. d. required reserves times money multiplier.
If the wage is kept above the equilibrium wage for any reason, the result is
a. cyclical unemployment. b. frictional unemployment. c. seasonal unemployment. d. structural unemployment.
An improvement in product quality leads to an increase in a firm's value by:
A. reducing labor cost. B. reducing inspection cost. C. reducing the cost of raw materials. D. reducing the opportunity cost of production.