Which of the following statements is correct?
A. Managerial decisions are affected by both microeconomic and macroeconomic forces.
B. Managerial decisions are affected primarily by macroeconomic forces.
C. By and large, managerial decisions are not affected by either microeconomic or macroeconomic forces.
D. Managerial decisions are affected primarily by microeconomic forces.
Ans: A. Managerial decisions are affected by both microeconomic and macroeconomic forces.
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Which of the following changes would cause American net exports to decrease?
A) A decrease in the real value of the dollar B) A decrease in American income C) An increase in foreign income D) A shift in demand by American consumers away from domestically produced goods
Total costs equal
a. Fixed costs b. Variable costs c. Sunk costs d. Fixed costs plus variable costs
If an economy produces 3,000 units of output with a price level of $2 and the money supply (M) is $2,000, velocity is:
A. 2. B. 3. C. 67. D. 150.
State income tax revenues are much less than sales tax revenues.
Answer the following statement true (T) or false (F)