The hot stove method of discipline includes which of the following?
a. a warning
b. immediate discipline/consequence
c. consistent application
d. all of the above
Ans: d. all of the above
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Empirical evidence from electric-power-producing firms suggests that
A) all electric-power-producing firms are natural monopolies. B) no electric-power-producing firms are natural monopolies. C) the largest electric-power-producing firms are natural monopolies. D) the smallest electric-power-producing firms are natural monopolies.
Capital goods are counted the same as consumer goods in the national product accounts
a. True b. False Indicate whether the statement is true or false
Which of the following most clearly indicates why the franchiser of a product has a strong incentive to monitor the quality of the product among all of the franchised sellers?
a. The franchiser has a monopoly on the sale of products in his industry. b. If quality is not maintained, the franchiser will be limited in his ability to sell other franchises and collect franchise fees. c. If quality is not maintained, the government will prohibit future sales of the franchises. d. Franchisers do not gain financially by maintaining quality, but they generally maintain quality anyway because they are consumers as well as producers.
The index of leading indicators was developed to provide more reliable information on
a. the expected future direction of the economy. b. the future profitability of the leading companies in various industries. c. where the economy has been in the recent past. d. the extent to which the economy's existing plant and equipment capacity is being used.