As opposed to corporate strategy, business strategy is focused on
A. how to compete with other firms in the industry.
B. the type of industry to produce in.
C. the type of production technique to use.
D. increasing the elasticity of consumer demand.
Answer: A
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Assume an economy with a single bank, no excess reserves, no savings accounts, and no currency held by the public. With a required reserve ratio of .4, the demand deposit expansion multiplier is
A) 20. B) 10. C) 4. D) 2.5.
The multiplier effect occurs when:
A. spending by one person generates income for others and causes others to spend more too, increasing the impact of the initial spending on the economy. B. the level of consumer confidence increases more than predicted given a tax cut. C. increased spending by one or more individuals causes others to react and increase their savings. D. None of these is true.
The effects of rent control in the long run include lower rents and lower-quality housing
a. True b. False Indicate whether the statement is true or false
As an economy produces more different types of goods:
A. money becomes less useful as a standard of value. B. it is more difficult to quote prices if the economy does not use money. C. money becomes less useful as a unit of account. D. the number of relative prices decreases.