A functionally organized firm is one in which
a. Various divisions perform the same task
b. Various divisions perform separate tasks
c. Various divisions compete with each other
d. Various divisions handle the same production function
b
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A decrease in the value of a currency in terms of other currencies is known as
A) an appreciation. B) a depreciation. C) a par value. D) a gold point.
The risk-free rate is usually approximated by interest rates on U.S. government debt, because the US government:
A. is considered extremely unlikely to default. B. sets all policy concerning interest rates. C. backs all loans secured with that rate. D. will never default on a loan that it makes.
In recent years, many environmentalists have proposed changes to GDP accounting that would take into account the impact of economic activity on the environment. Which of the following economic activities that affect the environment is currently included in GDP?
A. Expenditures on pollution control technology B. The effect of the depletion of oil reserves on energy expenditures C. The impact of corporate pollution on health care spending D. The effect of deforestation on global climate change and the income of future generations
By 2016, economists had drawn what conclusion about the very low productivity growth that lasted from 2005 to 2015?
A. Productivity slowed because of government overregulation. B. Productivity slowed because of a decrease in investment. C. Productivity averaged only 1.2 percent during that time. D. It was merely a temporary pause in otherwise strong productivity growth.