Jack Dorsey is the Chief Executive Officer of Twitter as well as a member of Twitter's board of directors. Dorsey is therefore classified as an
A) independent director. B) inside director.
C) unbiased director. D) outside director.
B
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Of the following countries, which had the highest level of GDP per capita in 2014?
A) the United States B) Italy C) France D) Japan
New Keynesians and new classical economists both believe that
a. people form their expectations rationally. b. aggregate demand movements primarily drive business cycles. c. individual agents engage in optimizing behavior. d. The key source of disagreement centered around how people form their expectations. e. all but d are correct.
A price ceiling imposed on a monopoly may:
A. drive the monopolist out of business. B. lead to no shortage. C. lead to a shortage. D. All of the statements associated with this question are correct.
Suppose an apple pie sells at a grocery store for $5. Suppose that the grocery store purchased it from a baking company for $4. Suppose the baking company paid $2 for ingredients, $1 for labor, and made $1 in profit. What is the GDP contribution of the pie?
A. It is $11. B. It is $4. C. It is $12. D. It is $5.