Which of the following is said to occur when a firm lowers its price to sell off excess inventories of a product?
A. Persistent dumping
B. Seasonal dumping
C. Predatory dumping
D. Cyclical dumping
Answer: B
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A large majority of the personal computers (PCs) in the United States use an operating system purchased from Microsoft. Microsoft's relationship with PC manufacturers is an example of which of Porter's competitive forces?
A) the bargaining power of suppliers B) the threat from new entrants C) the bargaining power of buyers D) competition from substitute goods or services
If the Federal Reserve raises the discount rate, the market rate of interest
a. will rise but the monetary base will be unchanged. b. will rise and the monetary base will fall. c. and the monetary base will both rise. d. will fall and the monetary base will rise.
Which of the following would not be a result of replacing the income tax with a consumption tax so that interest income was no longer taxed?
a. The interest rate would decrease. b. Investment would decrease. c. The standard of living would eventually rise. d. The supply of loanable funds would shift right.
Unemployment data are collected
a. from unemployment insurance claims. b. through a regular survey of about 60,000 households. c. through a regular survey of about 200,000 firms. d. All of the above are correct.