Dell uses outsourcing, that is, Dell buys the components of the computers it produces from other firms. This is an example of
A) firm coordination.
B) a partnership.
C) a command system.
D) market coordination.
D
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If the realized real interest rate in an economy is 6%, the realized inflation rate is 8%, and the expected inflation rate is 8%, then the nominal interest rate in the economy is:
A) 2%. B) 8%. C) 20%. D) 14%.
Pollution taxes are intended to
A. reduce the budget deficit. B. incentivize firms to cut their pollution. C. reduce welfare of polluting firms. D. raise deadweight loss.
When all players in a game choose the best strategy they can, given the choices of all other players, it is always a:
A. Nash equilibrium. B. positive-positive outcome. C. cooperative equilibrium. D. negative-negative equilibrium.
The most recent economic expansion started in
a. 2005 b. 2003 c. 2005 d. 2007 e. 1998