GE Appliance Division believes which of the following warrants shifting assembly of appliances back from Shanghai to Louisville, KY:
a. The negotiation of a two-tiered wage structure for union labor,
b. Faster innovations when product design engineers and assembly line team leaders are located in the same place,
c. quicker delivery to retail dealers reduce inventory storage
d. none of the above,
e. all of the above.
e
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In the long run, under conditions of perfect competition, the buyer will eventually be able to buy the product at a
a. price equal to the lowest point on the ATC curve past the optimal scale of operation. b. price below cost. c. price equal to the lowest point on the ATC curve at the optimal scale of operation d. discount.
The current deficit minus net interest is called the
A) primary deficit. B) net current deficit. C) current surplus. D) primary current deficit.
The activists believe that
A) the time required for flexible prices to bring the economy back to the natural rate of unemployment is relatively short. B) the IS curve is relatively flat because of the broad range of assets whose demand is very sensitive to changes in the interest rate. C) the time required for flexible prices to return the economy to the natural level of real GDP is intolerably long. D) the severity of the Great Depression was primarily related to the large decline in the supply of money.
Based on the available evidence, which of the following groups benefits most from mandatory seat belt laws?
a. automakers b. pedestrians c. drivers d. owners of collision-repair shops