Which of the following is TRUE?
a. Maximizing division profits can sometimes lead to reducing company-wide profits
b. Managers of profit centers are not given any discretion in their decision making
c. Profit centers usually require the highest degree of attention of corporate executives
d. A manager being rewarded on division revenues has no incentive to make good decisions for his division
a
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Every spring, motorists do more driving than during the winter months. Every spring, the price of gasoline increases and the motorists buy more gasoline. This experience suggests that the
A) "law of supply" does not always hold for necessities like gasoline. B) "law of demand" does not always hold for necessities like gasoline. C) laws of supply and demand are both contradicted for gasoline, though only during the spring driving season. D) None of the above answers are correct.
Other things constant, a rise in the number of unskilled immigrants tends to
A) reduce income inequality. B) increase income inequality. C) have no effect on income inequality. D) initially reduce income inequality, but then increase it because immigrants steal jobs from citizens.
If the economy is characterized by a stable IS curve and an unstable LM curve, then ________ target produces ________ fluctuations in aggregate output
A) an interest rate; larger B) a money supply; smaller C) a money supply; larger D) an exchange rate; smaller
The work of Roger Ransom has shown that the burden of the Navigation Acts on colonial trade to continental Europe
a. was disproportionately large on the Southern colonies. b. amounted to 5 percent of colonial income. c. amounted to less than one percent of colonial income. d. Both a and b are correct. e. Both a and c are correct.