The set of collectively held beliefs, values, and norms among the members of a firm that influence individual behavior is referred to as
A) network values.
B) horizontal values.
C) implicit contracts.
D) corporate culture.
D
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In the figure above, if the exchange rate is equal to 1 Canadian dollar per U.S. dollar, there is a ________ of ________currency and the exchange rate will________
A) shortage; domestic; rise B) surplus; domestic; rise C) shortage; foreign; rise D) surplus; foreign; fall
In a market economy, _____ own(s) all the basic resources or factors of production
a. households b. the federal government c. the Federal Reserve bank d. the local government e. business firms
In contrast to the United States, countries like Japan and Germany have
A. higher rates of saving and investment. B. higher rates of saving but lower rates of investment. C. lower rates of saving but higher rates of investment. D. lower rates of saving and investment.
Normative, value-based policy questions or statements give rise to ________________.
a. controversy or disagreement among economists b. efficient markets c. inefficient markets d. agreement and collaboration among economists