Complementary goods have a positive cross-price elasticity
a. True
b. False
Indicate whether the statement is true or false
False
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Assume that you are the new CEO of a major corporation that has five major product lines each run as separate corporations
You discover that if you invested the company's money outside of the firm that it could earn a 15% rate of return on the investment. You tell all the presidents of each of these subsidiary companies that in order for them to remain with the company that their return on capital must equal to or exceed 15% rate of return. Use two economic principles discussed in chapter 1 to explain why the CEO's advice is sound.
Neuroeconomics suggests that the frontal lobe carries out most decision making and strategic thinking takes place in the prefrontal cortex
a. True b. False Indicate whether the statement is true or false
The most frequently used monetary policy tool is
A) buying or selling government securities in the open market. B) raising or lowering tax rates. C) changing the discount rate. D) changing reserve requirements.
If inflation in the rest of the world is lower than inflation in Brazil, Brazil's currency (the real) would tend to appreciate
Indicate whether the statement is true or false