Assume that deciding to do internally something that was once purchased from a company upstream offers a 10 percent return. What is the cost of this decision?
A) 10 percent.
B) less than 10 percent.
C) What was given up to do it internally.
D) Not enough information is provided.
C
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Government may intervene in markets
a. to regulate firms like public utilities. b. directly, like creating a public service like the delivery of mail. c. indirectly, like planning an d funding multipurpose water projects that provide electricity, flood control and irrigation . d. All of the above are ways government may intervene in markets.
2.2 "Supply-Side" Economics
What will be an ideal response?
An economy growing at a steady rate of 2.3 percent per year doubles in size approximately every __________ years
A) 50 B) 35 C) 30 D) 43
Shoe-leather costs refer to:
A. the money, time, and opportunity used to change prices to keep pace with inflation. B. being penalized via taxes for making more money in dollars, even though real purchasing power hasn't changed at all. C. the time, money, and effort one has to spend managing cash in the face of inflation. D. labor costs associated with inflation.