Which of the following is true about transactional relationships?
a. They are cost driven and arm's length
b. They are vital to profitability
c. They need and expect efficient service
d. They do not have resources to waste with inefficient transactions, processes, processes, or partners
e. All of the above
e. all of the above
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When China builds a dam using few machines and a great deal of labor, it is answering the ________ part of one of the two big economic questions
A) "what" B) "how" C) "where" D) "for whom"
When universities charge students less than the equilibrium tuition for admission, they have to impose some nonprice-rationing device
Indicate whether the statement is true or false
Professor Tabarrok uses which rewritten version of the quantity theory of money to explain the aggregate demand curve?
A. The growth rate of M + the growth rate of V = inflation + real growth B. The growth rate of M + real growth = the growth rate of V + inflation C. The growth rate of M + the growth rate of V + inflation + real growth = 100% D. The growth rate of M ? inflation = real growth - the growth rate of V
If endogenous growth models are correct, a lower rate of growth in the long run could occur as a result of which of the following?
A) a lower rate of saving B) a lower rate of depreciation C) a redefinition of depreciation D) a redefinition of the steady state E) none of the above