Identify the characteristic of a U-form organization from the following
a. A divisionally organized firm is often called a U-form firm.
b. The heads of the different branches at different locations report to the headquarters.
c. Information submitted by all departments are used by the headquarters to make all the decisions.
d. There is a substantial degree of inter-dependence between various departments.
C
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Many rapidly developing countries in East Asia have pursued government policies, which encourage savings. According to the neoclassical growth model, if these policies stimulate savings but do not encourage technology growth, then these policies
a. will have no effect on the level of output. b. will increase output growth permanently. c. will increase output growth in the short-run, but not in the long-run. d. will have no effect on the growth of output in the short-run or the long-run. e. none of the above.
Creating a market that was previously "missing":
A. redistributes surplus from buyer to seller. B. creates more total surplus. C. redistributes surplus from seller to buyer. D. redistributes surplus from one market to the one that was previously missing.
Which of these goods are complements?
(A) Milk and cream (B) Canoe and paddles (C) Coffee and tea (D) Contact lenses and glasses
The ________ production points on a production possibilities frontier are the points along and inside the production possibilities frontier
A) attainable B) unattainable C) productively efficient D) allocatively efficient