How is the gain from imports distributed between consumers and domestic producers?
What will be an ideal response?
Consumers gain from imports and domestic producers lose from imports.
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The share of research and development funding supported by the private sector has increased over the past three decades
a. True b. False Indicate whether the statement is true or false
Suppose that a business discovers an opportunity that requires funds to exploit. What effect would this have in the market for loanable funds?
A. It will decrease interest rates and the quantity of funds lent will rise. B. It will decrease interest rates and the quantity of funds lent will fall. C. It will increase interest rates and the quantity of funds lent will rise. D. It will increase interest rates and the quantity of funds lent will fall.
When a firm doubles its inputs and finds that its output has more than doubled, this is known as:
A. Economies of scale B. Constant returns to scale C. Diseconomies of scale D. A violation of the law of diminishing returns
Outsourcing is a management innovation that emphasizes:
A. hiring only managers educated in another state. B. assignment of management and production responsibilities to another firm. C. reduction in the purchase of resources to the bare essentials. D. vertical integration of production and service.